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Technology Stocks : All About Sun Microsystems

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To: Sonki who wrote (14600)	3/3/1999 11:52:00 AM
From: Alok Sinha	Read Replies (1) of 64865

Sonki, COMS is a bargain, believe it or not. There is very strong support in the low 20s. Since all the bad news is out (and to be honest it is not as bad as the news coming out of COMS during the USRX merger), I don't think there is much more downside. I got back in today (partially at 23.5) and have a limit order to sell naked puts 22.5s. Was lucky my buy order at 25 did not go through yesterday - but wouldn't have bothered me even if it did. Positives - Great technology - Palms, NICs, (they have more than held their own aganist MSFT and INTC) Internet Service deal, stock buyback Negatives - lack of creditbility with Wall Street - general nervousness about tech earnings I am amazed at the number of fickle investors in Intel. I can't believe how much the stock has dropped in the last 6 trading sessions. I think SUN will probably weather this tech sell-off better than most. The split ought to help (helped AOL, but not helping ORCL much) I was very impressed by QNTM CEO on cnbc the other day. Will use any further weakness to further accumulate. Regards Alok

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