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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (48456)4/20/2002 10:29:30 PM
From: Just_Observing  Read Replies (2) of 64865
 
Re: Another 88 days like Friday, with no pullbacks, and we'll hit a new high

Sorry to disagree with you here, Charles. Instead of using a linear gain, it's more appropriate to use a log gain. In other words, instead of saying that Sun added $0.63, it's more appropriate to say that Sun gained 7.4%. That description will be mathematically more accurate when, say, the stock hits 40 where $0.63 will be just 1.58% gain.

Plugging in the mathematically more accurate description of similar days, we need just 28 days to set a new high. And another 9.2 days to double the old high (to reach $130)

And just 5.7 more days to triple old high.

In 88 such days, the stock will have reached $4895.51. On the last day, the stock would have added $337.31. I'll take just the last day please.
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