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Technology Stocks : All About Sun Microsystems

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To: Steve Lee who wrote (27384)	2/8/2000 11:45:00 AM
From: Alok Sinha	Read Replies (2) of 64865

It is not clear to me how one can confidently talk about shorting in the current environment. Being overvalued (by historical measures) has definitely not been a good shorting strategy. Now if somebody knew something about pushing accounting limits (or something caught their eye in the financial statements) - like the one reported about Healtheon yesterday in the WSJ, I can understand as a rationale for shorting. If you feel confident about shorting SUN - why not short CSCO, EMC, SEBL, etc(its a serious question), all of which have seen their multiples expand 3-4 fold without the same leevl of acceleration in earnings. Regards Alok

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