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Technology Stocks : Sun Microsystems

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To: Jaxax who wrote (623)4/16/1997 11:52:00 PM
From: Frank DiLorenzo   of 630
 
Market Maker Manipulation:

The market makers are at it again. They want to make sure the options they wrote expire worthless.
Sun Microsystems reports earnings growth 2.5X its price multiple and the stock falls. Fundamentally, this stock is grossly undervalued. However, the market does not trade on fundamentals. It is all a game filled with perception and manipulation. The market doesn't want Sun to move up here, so Sun will stay down at least until options expire.
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