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Technology Stocks : All About Sun Microsystems
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To: Sonki who wrote (7166)1/21/1998 5:44:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
I think Sun has its annual meeting with analysts at the end of Jan. I am sure it will pop up towards 50 by that time. You may want to hold off till then to sell. The Java partner announcement may also be made at that time.

I ssed the price drop at the end of the day to bail out of the protective SUN puts I had bouught before earnings. So now I am totally LONG and hoping for a push to high 40s.

Regards

Alok

P.S. I think ASND is poised to make a strong move into the 30s next week, once earnings are digested and estimates are raised. Current estimates for next quarter are the same as what they reported for this period (25 cents). With an 8 - 9% revenue gain I see the consensus figures move to 27 or 28 cents. ASND already expressed comfort with current target.
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