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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (15564)4/19/1999 4:35:00 PM
From: Lymond  Read Replies (1) of 64865
 
...today's bloodbath is unjustified.

Any more unjustified than the exponential climb to the 70-area peak, at which point SUNW was up 64% from year-end and 250%(!)from the October trough? Funny how very few longs ever classified the crazy ramp-up in these stocks as "unjustified".

SUNW's a great company; I'm long it, and will likely add to my position in coming weeks. But given the still-lofty valuations of everyone's favorite growth stocks, I'm in no hurry. This wash-out looks like it has more room to run.

Good luck,
John
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