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Strategies & Market Trends : Point and Figure Charting

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To: Chris who wrote (3284)6/1/1998 7:36:00 PM
From: Sonki  Read Replies (1) of 34811
 
chris, looks like ibm took a dive to 114.x and popped back.

ndx went down 2.2% sun is up for 3.4%. is this sun deal a one day pop in which people sell on stregnth ???i m surprised it's up at all.
Maybe value buying is coming fashion? instead of mo mo?
ibm tried to fill the gap but could n't. is there a chance i could get in at 110?
quote.yahoo.com

biz.yahoo.com
i wonder if this a one day pop or something that might continue??
RESEARCH ALERT-Intel pain seen Sun's gain

NEW YORK, June 1 (Reuters) - Morgan Stanley Dean Witter said analyst Tom Kraemer's target price increase and upgrade on Monday of Sun Microsystems Inc
stemmed from Sun's potential gains due to Intel Corp's (INTC - news) Merced processor delay.

Kraemer upgraded Sun to strong buy from outperform and raised his 1998 and 1999 earnings estimates on the shares. His new price target on Sun is $57 a
share, up from $55.
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