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Technology Stocks : All About Sun Microsystems

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To: Bob Duncan who wrote (44728)8/30/2001 10:26:34 AM
From: techtonicbull  Read Replies (2) of 64865
 
Bob, as a short term trader as you are I cannot give you a good answer. I can see SUNW hitting $10 per share due to the extremely negative sentiment. I will look at the volume today and if it is over 80 MM shares I believe that will be a capitulation. Nobody wants to be the last man off a sinking ship. Sun has great fundamentals going forward. I predict that the stock will be much higher in December and beyond into 2002. I will not sell today. I too think it's as irrational on the downside as it was on the upside. I suffer from "greed" but I don't suffer from fear. I am a long-term holder of Sun Microsystems.
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