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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (26734)	1/25/2000 5:00:00 PM
From: fuzzymath	Read Replies (1) of 64865

A 30% correction is usually enough to chase away the truly speculative traders (especially the newbies who bought for the first time a month ago after hearing how everyone's making easy money). For example, last year's internet "crash" put a big damper on day-trading by the inexperienced. The good thing about BIG high tech companies like SUNW and EMC is that in a bear market you won't suddenly have a vacuum below the current price -- there will always be buyers, the pension funds will always be there looking to buy in for the long term. That's not the case with new stocks with tiny floats where a typical day's volume is 1/4 of the outstanding shares. Shave 30% off the big high tech companies, and I'd certainly be there waiting for a good buying opportunity... Kevin

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