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Technology Stocks : All About Sun Microsystems
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To: kodiak_bull who wrote (39278)12/15/2000 12:53:29 PM
From: ron delany  Read Replies (1) of 64865
 
Re bottoms,

I've noticed that bottoms tend to be formed when the bulls become totally silent and the shorts start gloating. There's a kind of irrational pessimism that takes hold where it doesn't matter how much cash the company has for example. With sun i would expect that to happen if it hits low 20s and some gloating short starts talking about it going to 10 and the longs kind of sulk in the corner. Flaming longs is a good sign of further to go in my opinion. This is all based on these chat boards. Technically 22 1/2 looks good for other reasons and fundamentally 22 1/2 is 3 times the 75 cents or 1x growth rate if understand that metric correctly (assuming growth is 30%). Makes sense to at least start watching closely at that point if it occurs.
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