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Technology Stocks : All About Sun Microsystems
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To: QwikSand who wrote (32559)6/2/2000 7:31:00 AM
From: Steve Lee  Read Replies (1) of 64865
 
Hi,

I see SUNW as being in a downtrend channel with the upper boundary of the channel being current price and the lower boundary being high 60's and dropping about 8 dollars a month. Of course stocks change trends and move out of channels but on any given day, a stock is more likely than not to stay in the channel it has been in for the recent past. That makes a downward move look more likely than an upward one today. Should the stock close up a few dollars on high volume today, that would be a good sign and make SUNW worth buying.
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