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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Eric.sun who wrote (17002)6/9/1999 5:40:00 PM
From: Alok Sinha  Read Replies (1) | Respond to of 64865
 
I thing I am fairly certain about: SUN is not going to give any lower guidance. I thought they already had their mid-qtr update with the analysts. Are you referring to a presentation at the Paine Webber conf ?

I think NASD's strength today is due to these investor conferences where companies are presenting favorable info to analysts. The bigger picture remains murky - to say the least. Rates over 6% with NASD over 2500 cannot coexist for a long time. And over the next couple of weeks SUN will follow the tech stocks. Unless NAS breaks bigtime to the upside, a see a trading range of 58 - 63 for SUN. Also remember, PPI comes out Fri (I think) and option expiration is next week (that has had negative bias recently).

If long term rates stay above 6%, I expect the NASD to correct about 10% (and Dow below 10,000). Net stocks will probably come down to earth, and we will have more buying opportunities in quality tech stocks with earnings like SUN, CSCO, LU, INTC, etc.

Regards

Alok



To: Eric.sun who wrote (17002)6/9/1999 6:33:00 PM
From: Mephisto  Respond to of 64865
 
QwikSand is right: Sun should encourage the development of software applications. It's a big hole that needs to be filled with a product that MSFT has not developed.

Sincerely,

Mephisto



To: Eric.sun who wrote (17002)6/9/1999 9:30:00 PM
From: Marvin Mansky  Read Replies (1) | Respond to of 64865
 
SUNW will push through 62 by Friday and in my opinion SUNW will end the week north of 62. I do not believe that the interest rate story will hurt SUNW over the next several weeks. I see SUNW between 66 and 68 within three weeks. Once it breaks 80,later in the fall, the "80 to 100" rule kicks in, that is, most stocks will trade to 100 very rapidly after breaking through 80.


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