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Technology Stocks : All About Sun Microsystems
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To: Alok Sinha who wrote (7170)1/21/1998 8:20:00 PM
From: Byron Xiao  Read Replies (2) of 64865
 
I hope you are right about SUNW going up to 50 by the end of this month. But with MSFT's warning and IBM's below expectation earning, we might see tech stock going down a bit the next several sections. Analysts will predict that the Asian Flu will affect corporate profit for the next couple quarters (see MSFT having decreasing revenue in each of the 3 months during last quarter.) I don't think it's time to accumulate more tech stocks at this level. We might see SUNW at the 45 range for a long time, which isn't too bad at all. I will get more if it drops below 40, but would sell some at 50 and hope to get it back at around 42-43. I doubt SUNW will hit 50 before Feb.
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