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

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To: Jason Cogan who wrote (502)2/11/1997 7:04:00 PM
From: sweetrock   of 10309
 
Jason

The overall tone of this thread has not changed but there are now those sporadic voices which predict doom. Wasn't WIND picked up by the Cabot newsletter? I believe that todays drop was precipitated by panic among its followers who had put their money into WIND for all the wrong reasons. This and the presumably unflattering and shallow remarks by Barrons are my personal favorite reasons for the recent declines. Add this to the reason you mention, the ridiculous gyrating of money in and out of big cap techs and you can come up with a pretty scary idea which fuels people like Andy.

If WIND doesn't meet their numbers it will be nothing less than an incredible buying opportunity. The pe on this one is justified and I believe that the big buyers know it which is why yesterday's high was 50. The July secondary offering at 27 was sold out. Every one of those 3 millions shares got gobbled and this on either the worst or the second worst day in Nasdaq history.

We need some technical analysis here (Steven) and some help from Allen and others in guidance on the numbers. My personal belief is that they will match estimates.

Les Chamberlain
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