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Technology Stocks : All About Sun Microsystems
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To: William T. Katz who wrote (7383)1/28/1998 4:49:00 PM
From: uu  Read Replies (1) of 64865
 
Bill:

You state:
> I shorted Sun today at $49 [small position].Plan to put in stop limit
> at $53... Thoughts?

All I can say to you is good luck and I do really mean that!!

First, all your concerns with SUNW are nothing new and they have been the same concerns people have had for the past 3-4 years (that I can remembe).. And yet none has ever been a realistic and/or rational item to be concerned! SUNW based on its current business model and future prospects is very much undervalued. If you see a move up to the $48/shr range it is purely based on fundamentals and the upward move has not yet even started! Now add to this, a panic short covering that should take place any day now, and you have a stock that is going to break its 52 week all time high very shortly. Why? Look at the short interest for SUNW as of end of last month (see viwes.com. The short interest had doubled its usual in the anticipation of a possible horrible earnings report and/or South East Asian situation! Well, its been a little over a week from the earnings and soon as con-artists (i.e analysts) upgrading the stock for their final 10-20% push in the very short term, the shorters will come to a panic adding fuel to the fire! Just be careful not to be burned too much in this fire!

As always just my humble opinion.

Regards,

Addi Jamshidi
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