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Technology Stocks : All About Sun Microsystems

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To: Badger who wrote (77)1/10/1997 8:48:00 PM
From: Senthil Sankarappan   of 64865
 
Insiders can't trade like you say. They have lock out period most of the year and that's why when everybody sells, people feel like they are dumping. In Sun's case the sale was too minor to even call as dumping. Insider buys are really bullish sign and insider sales are not necessasarily bearish (though it is slight -ve). I am sure SUN insiders can't buy a week before the earnings report (I guess the window is few weeks before and after the earnings report).

I am also LONG on SUN like Addi and you. The recent slide in stock price seems like the pattern Addi was describing in his e-mails. In any case, I am convinced that SUN is a long term winner. They have everything to gain from Java and nothing to lose from it. Just be bit
patient and don't get carried away from short term fluctuations. SUN should be trading close to $40 in just few months.

Just my 2c
-senthil
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