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Technology Stocks : All About Sun Microsystems

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To: Jean M. Gauthier who wrote (26522)1/20/2000 5:03:00 PM
From: swisstrader   of 64865
 
Sun Shines Bright, Then Sets
By James J. Cramer

1/20/00 4:22 PM ET
Bummer of a session for the bulls. It was all individual stocks with individual news and even though it was Nasdaq's busiest day ever, the day had no heft.

As I write, Sun Microsystems (SUNW:Nasdaq - news) reports a nifty number but sells off the second it prints, even though the revenue was good and all is well. It could be the all-too-aggressive buyers who took the stock up huge all day in advance of the quarter.

By a strange confluence, Sun Microsystems was busy acknowledging a big order from Enron (ENE:NYSE - news) and everybody got too excited ahead of the number. I just bought 5,000 shares at 84.
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