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To WIND thread: I've been a WIND investor for about a yr. & like the co. very much. Wired seems to be a big fan as well, featuring the co. in an article about 4 mos. ago & in its Wired Index (as prev. stated). Despite the losses I absorbed today, I bought several call options, hoping this was a mere overreaction. I bought the Feb 50s @ 1 9/16 (high for the day!!) and I could sell 'em for about $15 apiece now. I'm not feeling so good right now & am still pulling for WIND. However, there is something really fishy about this situation. As I indicated in a prev. post -- this scenario smells familiar. I remember last yr. I owned shares of a co. called Manugistics, a promising tech co. in a fast-growing niche (supply-chain mgmt.). One day, the shares were down hard, from like $56 to the low $40s -- for no apparent reason. Then it came out that an ANALYST SAID SOME NEGATIVE THINGS ABOUT THE CURRENT Q, BUT DIDN'T DOWNGRADE THE SHARES. The next thing ya know the co. pre-announces a bad q. People were upset only the 1 analyst had/disclosed this info. Needless to say, the stock tanked & recently traded around $10 per share. This situation's a bit diff't b/c the analyst involved (from what I've read here), is pretty new to the co. & in the MANU situation the analyst was the AX, the analyst who helped the co. come public, etc. (Kwatinetz of CSFB to the rescue, I hope.). But the other circumstances are similar. This stuff is funny -- ya never know what the heck's going on. Last q, BMC Soft. beat ests. handedly & went down b/c of lower deferred revs. The stock went from $60 to $40. Last night they announced a great q and the stock rose to like $44. Even w/ the good #s & the run in tech stocks, a $60-purchaser would be losing 27%! My point -- even if Lehman's wrong, we prob. won't see $50 for a while. Oh well. & no -- I've gotten no call back from IR. |
