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Technology Stocks : All About Sun Microsystems
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To: Dale J. who wrote (22057)10/31/1999 12:02:00 PM
From: QwikSand  Read Replies (1) of 64865
 
Ha Ha! And don't tell me I'm wrong because you know I'm right.

But of course...that goes without saying, Dale. When have you ever been wrong? Never, that I can recall (at least in your own mind).

If you look at #reply-11644, the message that I was replying to, Christopher the Technical Analyst was saying that his charts indicated SUNW would go up $6 or $7 or "maybe even more" on 11/11/98. (In fact it closed DOWN $1.67.) I gave him that cranky answer because I'm always irritated by people throwing out meaningless numbers, good or bad, as though they actually mean something. Same reason I snap at the regular "We're gonna blow away expectations!" posts every quarter when SUNW hasn't come in more than .02 over consensus in the last 4 or 5 years.

There was one day during the three years before Nov. 11 1998 when SUNW had gone up 15% in a single day (12/15/95), one 13% day (3/9/98), two 11% days and two 10% days. So in fact there had been some up-days at or above the percentage ballpark that Christopher was predicting.

But as for absolute dollar figures, the largest single-day rise was slightly under $5 on 3/9/98. So I was right in that sense.

I guess that means you were wrong in that sense<g>.

Regards,
--QS
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