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Technology Stocks : All About Sun Microsystems

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To: Fred Ayres who wrote (5967)	12/5/1997 2:24:00 PM
From: Homer	Read Replies (1) of 64865

"Sounds to me like people are throwig out numbers at will. What basis do you have for a price like $150?" "you will be able to pick up SUNW under 40 at some point in the future." Thowing out numbers goes both ways. What is YOUR basis for a retracement to $40? Something you can share? I see resistance near 44-45 and support around 39. In my humble opinion I see Sun may stall at the $48 resistance level and trade in the $44-48 levels awaiting earnings. I hope for better than expected earnings and new highs in March then perhaps a pull back to the 48-50 range completing an inverted head and shoulders pattern. Just my opinion. Robert is correct; one should be cautious in this setting but that goes without saying. I've never bought or sold based solely on any opinion I've read here or elsewhere and can't imagine anyone who would. Good weekend to all!

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