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Technology Stocks : All About Sun Microsystems
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To: Bald Eagle who wrote (5443)11/11/1997 3:44:00 PM
From: uu  Read Replies (3) of 64865
 
Wiseowl:

You state:
> Hmmm, so that's why SUNW is down today.

Probably not! The reason it is down is the same as why every other high tech stock (and this is with no discrimination - from SUNW to INTC, to MSFT, to ASND, COMS, LSI, .....) is down! There seems to be no exceptions. You pick any high tech stock (and I mean any high tech stock), and compare its current price to what it was 3 weeks ago and you will notice it is down somewhere between 30%-60%!! The idiotic sell off of high techs continues for whatever reason. If you can find out the reason then you have your answer to why SUNW is going down!

It is actually not only getting a bit ridiculous but deepressing to look at your portfolio at the end of each day (especially if like me, your portfolio is almost 99.99% composed of high tech stocks) and to see its bottom line value dropping by 5-6% on a daily basis! My overall portfolio value has gone down by about 30% since 3-4 weeks ago. And one thing I can tell you for sure as I am sure many may share the same sentiment: It is not a great feeling to look at your portfolio these days!

I think the overall sentiment for high techs is that; Sell now to lock a profit and then buy back the same shares in 30 days at a lower price! And apparently the big boys of WS are doing just that!

Regards,

Addi Jamshidi
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