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Technology Stocks : All About Sun Microsystems

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To: chunmun who wrote (16452)	5/17/1999 7:57:00 PM
From: Alok Sinha	Read Replies (2) of 64865

I think stocks in general are in a vulnerable stage right now. Even with today's late day rally, I think risk outweigh rewards. The market fluctuations should allow you to buy SUN in mid to hig 50s and sell in the high 60s (for short term positions) - I use options to hedge my risks from time to time when I feel the market is getting ahead of itself. Longer term SUN is well positioned in its market to grow revenues at about 20%, so you can decide what premium you are willing for that growth rate. My philosophy is to decide on a price I am comfortable with, and buy. Short term volatility should not dictate long run investment decisions. The market will have an interesting dilemna based on the Fed decision on rates. If the Fed leaves rates unchanged, bonds may react negatively based on the perception that the Fed is not aggressively fighting inflation. Raising short term rates 25 bps, probably eases the pressure on the long bond - but may be the best outcome for stocks in the intermediate and long term. Regards Alok

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