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Technology Stocks : All About Sun Microsystems
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To: Sueponine who wrote (12943)12/29/1998 2:28:00 PM
From: Sonki  Read Replies (2) of 64865
 
sueponine, i heard lot of people say correction in mid feb. but mid jan sounds right as ernings maybe disappointing.

remember the higher PE are ok as long as rate cuts come thru.
if we don't see a rate cut and maybe rate incresase we may see sunw come down to 62. and intc come down to 103. etc. just a normal pull back on sunw is at 82.x ask chrisoph he knows better about TA.

intc pe = 37 which is the highest ever seen... so watch intc.
if intc starts breaking down sunw willll go down.
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