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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (32097)5/19/2000 12:44:00 PM
From: Charles Tutt  Read Replies (3) of 64865
 
77 1/2 +/-, and still people continue to sell. That's a little amazing to me. Either they:

1) think it will stagnate or continue to drop; or

2) are faced with margin calls and have to sell something; or

3) are working off option positions in advance of expiration.

Can anybody think of any other alternatives?

I would have thought (2) would have pretty much worked its way through the system by now. (3) should resolve itself by Monday. I guess (1) is the one to be concerned about, if they turn out to be right. But didn't Sun just have an analyst meeting and say business was on target? And real interest rates seem very high, resulting in the virtual collapse of the Euro, which should result in some pressure on Greenspan from his buddies at the other central banks. Surely Greenspan doesn't want to get in a p*ssing match with Europe to see who can raise interest rates the highest and fastest (and bringing on a world recession as a result).

JMHO.
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