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Technology Stocks : All About Sun Microsystems
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To: High-Tech East who wrote (50709)7/25/2002 5:44:04 PM
From: Charles Tutt   of 64865
 
The whole market was down. SUNW wasn't the worst by a long shot. Commentators are attributing it to fear for the chip sector. That seems a little silly to me, given that only a few days ago the book-to-bill looked pretty good. BWDIK?

SUNW hit Schwab's "magic number" of $3.50 briefly today. At that point their margin agreements (at least the one I have with them -- I'd be surprised if they don't have preferential treatment for their better customers) makes it unmarginable. I wonder whether that had anything to do with the sharp change in its price direction when it hit?

Edit: That sort of implies that there won't be many SUNW inspired margin calls coming out of Schwab if it drops much more (if there are even now -- I don't know).

JMHO.

Charles Tutt (SM)
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