Wind River going up, up, up! Message Board

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

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To: Allen Benn who wrote ()	2/11/1997 10:59:00 PM
From: Stephen M. Neal	of 10309

Well, we have indeed broken our channel and taken out the Dec. low, which is not a good sign. However, on the good side accumulation indicators are positive. There are buyers out there on this downdraft. I would anticipate support at 38. And I like stocks which drop into an earnings report. They usually rally afterwards. I think Andy is dead wrong about the earnings report, but all will be revealed in the fullness of time, as Ed Hart used to say. Churning is here for awhile so patience is warranted. My opinion is they are throwing the baby out with the bathwater. Allen has pointed out many times that routs of high PE stocks are always a possibility, but I see WIND's prospects improving so I am staying put. Let's wait for WIND to build another base, probably around earnings time. Ciao, Steve

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