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Technology Stocks : All About Sun Microsystems

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To: Mephisto who wrote (20419)	9/29/1999 4:46:00 PM
From: Sonki	Read Replies (2) of 64865

M, if i were u i would just put a stop loss at 119. and mean while if the stock pops up to where u like it sell it. i m also very frustrated this company. i fell for the low valuations and figured it was a safe company. what would u buy if u sell ibm and what would be the upside on that stock? for me trading is very difficult, and i usually keep one trade for 6 weeks to months. for e.g. i jumped bak into txn after i sold the other day. i needed at least that kind of 10points+ drops. similarly i sold ibm around 130++ and bot bak yesteray. i heard new fears on ibm rumors yesterday so i figured it's all built into this stock and i could be right.. all the fears may be built into the stock and it goes up from here here is part of ml report. Cautious about IBM Hardware? Last Friday, ML analyst Steve Milunovich made some cautionary comments about IBM's (IBM $130 1/8) hardware revenue comps. We believe the significance of the information is up for some debate. The analyst still has not issued a dedicated report discussing his concerns. In fact, a ML retail client searching through the MLOnline system would be hardpressed to find any indication of a change in view. The majority of the coverage seems to have come from the media. Based on the reactions from competing analysts, it would appear that Milunovich's original hardware revenue growth expectations were on the aggressive side. To understand the analyst's sensitivity to the hardware growth/stock price relationship, one needs only to look back to January of this year. It was then that the analyst pounded the table ahead of IBM's earnings release. The reason for the optimism was the analyst's expectations for better than expected hardware sales. Despite this vocal optimism about hardware growth, the analyst's numbers didn't reflect any increased expectations as he left his earnings model essentially unchanged during the course of 4Q98. IBM reported disappointing results and the stock tanked. We are curious to see how he is changing his current model.

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