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Technology Stocks : All About Sun Microsystems

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To: Rusty Johnson who wrote (15006)	3/29/1999 12:42:00 AM
From: Rusty Johnson	Read Replies (1) of 64865

Briefing.com Instead of doing the normal Industry Briefs, today we are highlighting those stocks in each group that trade at abnormally wide divergences from their long-term moving averages... Though strong bullish momentum could carry these stocks modestly higher over the next several days, Briefing.com contends that they are extremely overextended... As such these stocks are ripe for corrective retreats of between 15% and 20% (over the next one to three months)... This is not to say that the long-term outlooks for the stocks highlighted are in jeopardy... It's just that when stocks move away from their long-term moving averages by extreme degrees, they typically experience a subsequent period of backing and filling... Consequently, if you're holding these stocks and have a short-term investment horizon now might be a good time to consider reducing exposure. Computer Systems & Peripherals Stock Closing Price (3/26) Support(s) Sun Microsystems (SUNW) 116 1/2 96-94 I'm holding. FWIW

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