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I think you're wrong about the magnitude of the resistance. WIND's stock has underperformed the market in the 4th and 1st quarters each of the last 4 years and outperformed in the 2nd and 3rd quarters. This stock has a huuuuge base at $36-38/s and money is flowing 2 technology sectors- software (CTXS, CHKPF, VRTS, LGTO, ARSW, PSFT, JDEC and WIND) and semiconductor and semi-equipment (LSI, ATML, MU RMBS,TXN). WIND is a software company (Tornado for VXWORKS) w/ a semiconductor royaly kicker in I2O from INTC, DEC, and Symbios. Everyone on the sell side talks about "IP-intellectual property" and the new value-added business and royaly model (RMBS, Artisan, ARM), well WIND is the only example (besides Rambus, TXN, and CTXS) of a company actually booking royalty revenue now. This stock is likely to double off its bottom of $32-34/s. Target price on WIND is $65/s. Onward and upward.IMOO. |
