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Technology Stocks : All About Sun Microsystems

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To: JavaGuy who wrote (15398)	4/15/1999 12:00:00 PM
From: Alok Sinha	Read Replies (2) of 64865

To be honest, I did not expect this level of selling before earnings. But just could not resist picking up a couple of hunderd shares at 57 1/2 (could have gotten it cheaper, today but I am there will be more opportunity). I have to start building back my position. I am hoping for an earnings related bounce towards close and 60+ tomorrow again. There seems to be a major rotation out of large cap tech names. I think Intel has certainly bottomed (a 60 point drop in NAS couldn't bring it down by more than a point, and it is back up a little). Another name to buy is ASND/LU since theu have already pre-announced better than expected earnings and revenues. The encouraging thing for me in this sell-off is that small cap tech sector (IFMX, SYBS, ADIC, etc that I have in my portfolio) are holding up well. That tells me the big guys will be snap back soon. Regards Alok

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