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Technology Stocks : All About Sun Microsystems

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To: High-Tech East who wrote (10016)	6/2/1998 6:31:00 PM
From: uu	Read Replies (3) of 64865

Ken: > where are you Addi? Oh I am here just watching how these high techs are being given away practically for free! As I expressed back in April my expectation of high techs being sold off by the end of May came true, but the extend to which it has happened has even surprised me! As of late yesterday I am now 100% invested again (all in high techs). SUNW is no longer my number 1 core holding as I continue to believe they suffer a market perception problem, and will continue to do so for a while. The recent upgrade (IMHO of course) is just a way for the big guys to dump their SUNW shares. I think the stock will be trading between $38 and $44 till near the earnings which either breaks the $44 or falls below $38!! If the stock falls to $38 or lower I will definitely find the cash anyway I can from wherever I can and will add to my existing shares. Meanwhile, I am just sitting here with no more cash but high tech stocks, watching and waiting to see how much more pain I can tolerate from "possible" (but hopefully not) further sell off!! Regards, Addi Jamshidi

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