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Strategies & Market Trends : Steve's Channelling Thread

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To: David Alon who wrote (11090)	2/13/2001 9:25:55 PM
From: Zeev Hed	Read Replies (1) of 30051

David, SUNW just breached yesterday the double bottom (Dec, 20 and Jan 3) at $25, I think it will make new lows before we end this massacre. The current PEG is 1.2, and with PE compressions which I expect it could experience, I would not be surprised to see it lose another 30% from here to $15 or so (PEG of between .8 to 1.00 if it can keep its growth rate). It is a very good company with still a commanding position in the servers and the internet arena in general, but there might be some major questions if it can keep its current growth rate. If it cannot, even $15 might be rich. The best way to decide is after it makes a solid bottom, IMTO. Zeev

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