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Technology Stocks : All About Sun Microsystems

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To: techtonicbull who wrote (46964)	1/22/2002 1:38:30 PM
From: Charles Tutt	Read Replies (3) of 64865

I don't know any more than you do. Some thoughts: First day of availability of new options. Perhaps put volume is high -- I haven't checked. Techs in general are down, and SUNW has a high beta. Hot money chasing AMZN. I think there's a negative article(s) in the WSJ. And Barron's ran an alleged "Tech Update Issue" +/- this week with no mention of Sun. Disappearance of folks who bought for an earnings play. Caught in a momentum spiral, reinforced by believers in technical analysis -- e.g. belief that support is about to break stimulates sales, thus becoming a self-fulfilling prophecy. I'm not aware of any news. JMHO. Charles Tutt (TM)

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