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Technology Stocks : All About Sun Microsystems

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To: Bald Eagle who wrote (31492)	5/3/2000 2:03:00 AM
From: QwikSand	Read Replies (1) of 64865

I don't know whether Steve Lee is right or not in his micro calls. He's been wrong before, though "low 80's tomorrow" is not a particularly bold call at this juncture, it's basically a coin-flip, and I will be surprised if we see 75 this week. However, I do believe we're in a genuine bear market. The all-round good earnings did little for the market except a couple of short-lived rallies, and to bring the NAZ and NYSE into slightly better alignment. The earnings announcements end, the market dribbles down. Sun hasn't been stuck in a range for this long with no real movement for over a year. I was convinced we would break above 100 in April and I was wrong. It's been said before, but SUNW should have gone up 15 points on the trading day after it reported the most spectacular earnings in its history along with excellent growth prospects. I think negative (though phony) sentiment about inflation and the Fed has hold of the market and we are in for continued crazy volatility that sums to a sideways grind or a down channel for at least a couple of months, unfortunately. SUNW, ORCL, and EMC tend to move pretty much together in this kind of condition. --QS

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