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Technology Stocks : All About Sun Microsystems
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To: uu who wrote (5603)11/14/1997 8:17:00 AM
From: bob  Read Replies (3) of 64865
 
Addi,

The only idiocy I read is coming from those who proclaim a new
and protracted Bear market is at hand! Now THAT is idiotic! As
long as inflation remains in check and interest rates remain low,
there is no place else for investors to put their money. This
recent sell off in the market is not fueled by fear, but by GREED
and a carefully planned media campaign to get people to sell their
stocks so specialists, money managers, banks, and other institutions
can load up on these stocks at bargain basement prices IMO. You will
see bottoms in many stocks when suddenly the volume dramatically
increases with little movement price wise in the stock. Some entity
is sitting on the bid gladly buying stock being dumped by investors
like The Bearded One! As long as this occurs there is little reason
for the price of the stock to rise and may even fall further as the
bid is lowered. At some point there will be a market turn-around
and the gains realized by some will be tremendous. It looks as though
Sun's stock price may fall a bit further before bottoming out, but
buying anywhere near these levels is a great bargain! Many stocks have lost 20, 30, even 50% of their value over the last month or so.
Why??? NOTHING has changed fundamentally either with these companies
or with the economy. Just media hype that the sky is falling in SE
Asia!!! Addi, I agree with you when you say the bull market has not
even begun. Remember, one man's GREED creates another man's FEAR!!!

JMHO

Bob
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