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Technology Stocks : Wind River Systems - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: MONACO who wrote (160)3/11/1998 7:53:00 PM
From: Mitchell Jones  Respond to of 431
 
MONACO, I have no real knowledge of what moved the stock so quickly, but I have seen it happen just that way before (and no good news followed).

I have speculated in the past that some shorts wanted to close out some day trades and the Market Makers had a little sport with them, creating a mini short squeeze. I tell myself that there's nothing wrong with shorting WIND, but anytime I see this kind of action, I admit to a (small) feeling of satisfaction.

I like your guess as to the reason for the move better than mine. We'll see soon if you're right.

Mitch



To: MONACO who wrote (160)3/11/1998 9:08:00 PM
From: Mitchell Jones  Read Replies (1) | Respond to of 431
 
MONACO, there is an adage that says "Smart money buys at the close".

I've never had any smart money so I can only guess as to the truth of that adage. It seems that even the money I earned in clever ways turned out to be as dumb as the rest. I have a feeling that Carolyn has a lot of smart money. Maybe she knows if this is true.

Carolyn?

Mitch


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