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Technology Stocks : All About Sun Microsystems

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To: Byron Xiao who wrote (8233)3/10/1998 4:50:00 PM
From: Rob C.  Read Replies (3) of 64865
 
I agree with Addi that the techs are going to sell-off in the next few weeks leading into the earnings period. IMO The bad news and earnings disappointments are not priced into the market at this time.

I tend to use INTC as an indicator for the overall technology market and it has been underperforming the Nasdaq lately and has just broken down technically, the last time this happen last October's adjustment followed 5-6 weeks later.

All JMHO, SUNW was an animal today and this should marka reversal in the near term, but it will be interesting how it will take the next bad day.

Regards,

Rob
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