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Technology Stocks : All About Sun Microsystems
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To: Bala Vasireddi who wrote (12477)12/9/1998 9:47:00 PM
From: Christopher  Read Replies (1) of 64865
 
If you are thinking of shorting SUNW then think again!?
SUNW is creating a pennant indicating that it will be going up another 22 dollars and may be even 44. SUNW should brake out of the pennant within a week or two and possibly in the next two to three days and will go to hit a new high. The chances that this pennant will fail is less then 10% or may be even 5%. SUNW will have to close below 70 say may be even 68 before the pennant is declared a failure. If you short SUNW right now then odds are 9 to 1 you will lose. A tip from your uncle Larry. You never want to short when the markets are going up. You will be fighting the market trend, not a good idea. NASDAQ hit a new high and I won't short until NASDAQ starts a downtrend.

Good luck to all longs on SUNW. The picture is still look very
good.

Christopher
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