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Technology Stocks : All About Sun Microsystems

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To: cfimx who wrote (24064)	12/6/1999 12:02:00 PM
From: jim kelley	Read Replies (5) of 64865

Re: SUNW Stock Split and correction Last time SUNW split it fell from 72 to 48 in 6 days. That is a loss of 33% in value in 6 days. This was probably due to the "split momentum" traders. Sortly before and after the split they get out and move on to the next split play. If the same scenario were to play out this time SUNW stock would fall to $95 pre-split. That is a whopping loss from the high! After the last split, SUNW stock fell below its 50 day moving average. At this time the downside risk is far greater than the upside potential gain of the stock. I think this will drive serious profit taking in this stock over the next few weeks. JK

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