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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (42265)	3/22/2001 12:40:34 PM
From: High-Tech East	Read Replies (1) of 64865

<<It's starting to look like the Dow may drop below 9000 before the carnage is over. Who woulda thunk it?>> From my post recently on February 25 ... S&P 500 - at 1246, if it falls much lower (say, to just the 1200 to 1210 area), it could enter free-fall to the 950 to 1050 area. Frankly, I think this is the greatest danger. 01/22/01 12:38 PM EST at 1099.11 - my new target is 850. I shorted two futures contracts on the June S&P on Tuesday and bought four June S&P puts early this morning. I liquidated all my earlier S&P options last week. DJIA - at 10442, if it goes below 10200, could also hit free-fall and hit 9650 in a heart-beat and then 7500 to 9300. 01/22/01 12:38 PM EST at 9266.25 - my new target is 8000. Nasdaq Composite - 2263, if it takes-out 2224, could quickly hit 1891. 01/22/01 12:38 PM EST at 1834.57 - my new target is 1500. My heart stock continues to drop drastically with the biotechs (now at 14.63 - I bought at 20 average). We are waiting patiently for the first implant. Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions. Ken Wilson Message 15409139

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