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Technology Stocks : All About Sun Microsystems

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To: Bald Eagle who wrote (6946)	1/16/1998 1:12:00 PM
From: Alok Sinha	of 64865

You certainly can hope that it goes down. I doubt that will happen in the next few weeks if the market does not totally collapse. Techs (except for high P/E firsm such as YHOO, AOL, PSFT, MSFT, etc) already have the doomsday scenario built in their prices. We will continue to see daily blow-ups (like Microchip today) but as long as the big-guns come through with decent earnings, techs are poised to move higher. Remember NAZ is at the 1550 which is approx 13% off its highs. More than 60% of NAZ stocks are off more than 20% off their highs. Also the technical support at the 1500 level has held up 4 times in the last couple of months. That is the level where greed has overtaken fear ( and fear sentiments due to Asia have been extreme). Good to know you find SUN products easy to work with. Our group also uses SUN servers and it rarely crashes (as opposed to the NT which will invariably cause problems if you try to load large database files > 100 MB) Regards Alok regards

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