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Technology Stocks : All About Sun Microsystems

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To: Sonki who wrote (42218)	3/21/2001 2:46:19 PM
From: uu	Read Replies (4) of 64865

Hi Sonki: Regarding today's rise in SUNW, I think it is mainly technical rebound rather than having anything to do with fundamentals. Regretfully I think SUNW may very well go to the $12-$15/shr range in the immediate short term (from now till April 15 or so). Sincerely hope I am wrong though. .COMs bought a lot of Sun servers last year, and most of them are still not out of the box yet, and not paid for! They are being auctioned off for pennies on dollar. Also I hear that things at Cisco are getting really bad as sales people are overly depressed over not making their quotas for this quarter thus far. Solectron and Jabil just warned too (they provide the grain to companies such as Cisco) and their warning was a bit more severe than anticipated. I think Cisco may come down on its already lowered revenues for the quarter by as much as another 15%-20%. And you know what this means to related companies such as Sun, and the semiconductor suppliers to Cisco such as LSI?! But of course the market is supposed to have already discounted all these things into the stock prices. I personally feel we will see a severe market sell off sometime within the next 7-10 business days at the end of which we start healing and observe the biggest bull market of the history coming to live. Right now everyone is shorting just like how it was at the peak last year when everyone was buying! There does not go a day by that you read hundreds of articles talking about the Bull being dead and economy going down the drain and being in a severe bear market for the next several years. We now have people forecasting Nasdaq to hit 400 (never mind 1400!)! This is sort of like people were dorecasting for Nasdaq to hit 10,000 when it had reached 5000+! The Wall street charlatans (i.e. Analysts) are walking over one another to forecast a gloomy outlook for everything. It is quite funny if you really think about it. Anyway so hang tight for the next 2 weeks (maybe less) for which things are going to get pretty rough. But at the end those who stayed will come out the huge winners. Nasdaq will be somewhere between 3000-3500 by the end of this year, with DOW underperforming. Regards, - Addi

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