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Technology Stocks : All About Sun Microsystems
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To: Haim R. Branisteanu who wrote (39417)12/18/2000 1:59:12 PM
From: Steve Lee  Read Replies (1) of 64865
 
I see the volume/price action as indicating the stock is going to break below $28. If this was the bottom, we would be seeing high volume as the big spenders move back in. As it is, these guys cannot sell any more without knocking the price lower (there are no buyers) so they have slowed their selling (hence low volume). But I do agree the volume is low so far today. I don't think SUNW will go below $23 on this decline. I think we will see $25 before the end of the week.
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