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Technology Stocks : All About Sun Microsystems
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To: Jerry Olson who wrote (13569)1/19/1999 1:02:00 AM
From: uu  Read Replies (3) of 64865
 
Options Jerry:

> SUNW---106 BSB...should be easy

I would not bet the farm on this. The anticipation of blow out earnings has caused the stock to move to these levels. The earnings will be great, however it will not cause the price to go higher than it is now (in the immediate short term). The 2-1 split will soon also be announced and historically the stock has gone down by about 10-15% after the split before going toward new highs. Therefore, if you are a short term trader you may want to take profit by the end of tomorrow or at the latest Thursday morning (before they report). Once the earnings come out the stock will drop to the high $80's-low $90's.

But of course if you are like me (i.e. a long term investor), just sit tight and buy more on the weakness in the mid to high $80's. Because a year from now the stock will be in the $100 range (or $200/shr before the soon to be announced 2-1 split).

Regards,

Addi Jamshidi
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