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Technology Stocks : All About Sun Microsystems
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To: QwikSand who wrote (20861)10/7/1999 8:53:00 PM
From: Eric.sun   of 64865
 
IMHO today is the buying opportunities for those not on
board yet. Stock won't go up everyday. In the case of
SUNW, I haven't observed three consecutive down days on
a roll since 1998. It has been always forming a V shape
or W shape in every local trading period and it always
makes new high after the formation. Since this quartar
will be strong and the coming split plus all good PR and
brokage coverage, the 100 century mark is just around the
corner and I believe it will happen within this month. Dan
Niles's comment on IBM brings down the whole box maker
sector especially SUNW. It reflects the street still doesn't
understand what SUN is up to or maybe the fund manager
want to bring more FUDs to less informed investors and push
them sell so that they can load up more. At the last 15
minutes I observed lots of block trades go through at the
bid side, some smart money is taking fainted hearted
investor's advantages. The general feeling about job data
tomorrow is quite positive to the stock market. IMHO,
tomorrow will have better chance to be a up day rather
than down. It takes courage to own SUNW especially today
if you are indeed a buyer. The most important thing though
is our company are executing in all matrix. It is the stock
of the future so don't worry too much about these two days'
drop.
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