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


To: Teresa Lo who wrote (17168)6/16/1999 11:09:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 64865
 
SUNW targeted to $83, well I wish it would be so easy.

Charts and theories are nice and accurately reflect the past.

Predicting such major stock movements in the future are beyond my understanding.

I take it 1,2 to 3 days at a time <g>

BWDIK
Haim



To: Teresa Lo who wrote (17168)6/18/1999 9:47:00 AM
From: Stormweaver  Read Replies (1) | Respond to of 64865
 
Tech Analysis is good at spotting resistance points, trends, but be careful using charting to determine future price targets; IMHO charting is good for short term only since there are too many un-factored variables when you look long term.



To: Teresa Lo who wrote (17168)6/18/1999 10:12:00 AM
From: Stormweaver  Read Replies (2) | Respond to of 64865
 
Based on this alone I'm skeptical of Sun moving higher $ without some signficant increase in revenue or hype. It's price currently reflects future potential, internet hype etc. Last number is PE:

2355 Sun Microsystems Inc 61 29/32 - 25/32 1.24% 62 1/2 61 3/8 1,681,800 47

1295 Hewlett Packard Co 89 9/16 + 1/4 0.27% 89 15/16 89 9/16 1,221,800 29

1101 IBM Corp 121 + 13/16 0.67% 121 7/16 120 1/16 2,055,000 34