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Technology Stocks : All About Sun Microsystems
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From: Arthur Tang2/23/2007 10:36:24 AM
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There are technical corrections done by market makers, which may trigger average down investment strategy. This is called resistance level. But it may trigger more pull back by market makers.

Its dog eat dog, the investor usually lose. The investor could win if they talk to a market maker to collect stock at a pre-agreed price. This is the old ways of doing things on the street; but computer trading make this kind of safer trading obsolete.

Cramer had said that Sunw will trade between $5 and $6; so some market makers are taking advantage of it. In the end, Sunw may have another earnings upside, and the stock will have a nice move after oversold(due to stock pulled back). Maybe $7 to $8 short term. Or even better if revenue projection is more accurate and earnings projection is more controlled(less spending).

Long term investors are holding for revenue growth and earning surprises. Weak hands will sell and oversold by doom and gloom.
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