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

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To: bob who wrote (4549)4/1/1999 8:51:00 PM
From: stan s.  Read Replies (1) of 10309
 
>>>To say that the drop in Wind's share
price is due to the percieved entrance of other players into the field is frankly absurd
unless you believe that
Wind's customers will bolt in favor of untested and buggy programs.<<<

If what you say is true the drop is even more disconcerting. The pressure downward has been enormous. It's the relentless nature that is so troublesome.

In the past 28 trading days, only once has WIND closed higher than it's opened. Admittedly it's had a handful of up days, but on all but one, those days were up only because they opened higher than the previous close and didn't drop low enough during the day to completely negate the gain.

It's now testing very weak support (on a closing basis) dating back quite a ways at 16 3/8.

Stan
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