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Technology Stocks : All About Sun Microsystems
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To: Jon Tara who wrote (5477)11/12/1997 10:34:00 AM
From: Martin  Read Replies (1) of 64865
 
> Martin, I respectfully disagree. I don't beleive that every - or even most - 1 to 2 point moves in
> a stock at this price can be tied to any particular "event". Not even if they are within a 1-hour
> period.

I cannot dig up old intraday charts but AFAIR the sharp dip on Monday was not correlated to a sharp dip in the tech market. Today seems to be similar, SUNW down 1 9/16 (>4%), NASDAQ just over 1%.

IMHO most of such dips correlate with some announcement, be it specific or general. This may be an exception.

Obviously SUNW has a life on his own but I wish I knew what makes the price plumet like a rock. Some big boys must be dumping their inventory. Just now 100,000 shares at 32 came across.

Martin.
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