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Technology Stocks : Wind River going up, up, up!

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To: F. Foos who wrote (4065)1/25/1999 11:00:00 PM
From: Richard Karpel  Read Replies (1) of 10309
 
Frank, you should know that until this morning, WIND was by far my largest holding, as it has been for the last three years. Perhaps that will help my credibility.

I have read all the posts this evening and have discovered that I was right after all: Kraber did provide the information selectively. So, what does that mean? It means that ALL of those shares that were traded a between 1:05 and 1:20 on Friday were Michael Stanek's customers. How much do you want to bet that many of those same customers were buyers at $30-31? (Am I going nuts here, or do I remember reading somewhere on Friday that Stanek said that he "would be a buyer in the low '30's"? What cruel irony if it were true!)

In any case, I predict that Dick Kraber will be fired soon. Perhaps his dismissal will be announced on Feb. 25 when WIND reports earnings, maybe earlier. What other fate could await someone who in one fell swoop reduced the market cap of his company by $400 million while seriously injuring its reputation on Wall Street?

He also managed to dispel the illusion that many of us on this thread have been harboring for some time -- that WIND's growth was managed so well that there was little chance it would ever blow a quarter.

Frank, why do you feel the need to come to Allen Benn's defense? Don't you think Allen can defend himself? All I've asked is for Allen to explain some of his past comments in light of Friday's disclosures. Of course, Allen has no obligation to explain himself. In fact, we may never see him on this thread again.

I'm also interested in hearing from some of the other individuals who have posted to this thread in the past, like Michael Greene and Dave Lehenky. I'm curious whether they are as upset as I am by the recent turn of events.

Still holding 200 measly shares,
Richard Karpel
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