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Technology Stocks : All About Sun Microsystems

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To: Just_Observing who wrote (49194)	5/24/2002 10:16:10 AM
From: DRRISK	Read Replies (2) of 64865

The sell off is a trader phenomenon and not to be worried over,IMHO. It certainly has not been a dramatic retest of $6's here and the whole TECH area is being played with in the constant seesaw of traders versus the Institutional/Hedge Fund/Mutual Fund positions which are being accumulated at these prices in all TECH issues. SUNW has guided to cover their asses but still reiterated. They are looking to say we are OK and catch a break with upside if the Q goes well. It is a scary time to invest for intermediate to short term profit but a good time to go long and that is why for now it appears that the all important $7.00 dollar range is being battled over. Their is a lot of buying goin on here at $6.90-$7.00 range. I think we hold $7.00 today and that would be an affirmation of the trend, this sell off is trader related and I expect the Institutional/Hedge Fund/Mutual Fund accumulation effort will keep the trend Up. DrRisk

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