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Technology Stocks : All About Sun Microsystems
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To: techtonicbull who wrote (39969)1/2/2001 3:42:53 PM
From: QwikSand  Read Replies (1) of 64865
 
I'd like to see the company itself do some insider buying or an announcement therof.

I'd like to see them get their products out. Everybody would like something. But buybacks and splits and all the other handwaving won't help in this market.

Isn't it obvious by now that the stock is down for no reason because the market is down for no reason, because the market was up for no reason? Look at how many stocks are getting whacked today...look at EMC, downgraded basically on hot-air velocity.

In addition, the NAPM was the lowest since the Deluge, etc. etc. The recession numbers are going to start coming in and the FED will worry about it when they get the chance. There is nothing to do but ride out the craziness. Buy some bonds. There's some remote chance that we are in a 1930-31 scenario, but that would be pretty ridiculous. There's nothing to do but ride it out. (The psycho-bears just assume we're in a Tokyo-90's scenario. Maybe they're right again <g>.)

--QS
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