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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (21601)	6/22/1999 12:05:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68284

Computer Systems & Peripherals Investors need look no further than Hutchinson Technology Inc. (HTCH 28 1/2 +1 7/8) to confirm the change in market sentiment... Stock rallied 7% after management warned of a Q3 loss in the $0.18 to $0.23 per share range... Company had been expected to post a gain of $0.20... HTCH cited weak demand... Despite stock's ability to rally on bad news, wouldn't go here until earnings picture improves as stock won't have anything to fall back on when market tone becomes less favorable. Sun Microsystems (SUNW 68 9/16 +4 1/2) Traders, clearly in a forgiving mood, shrugged off news that company filed a shelf-registration statement to raise up to $3 bln from issuance of senior or subordinated debt securities and/or common stock... What's a little dilution among friends. Dell Computer (DELL 38 15/16 +2 15/64) jumped in response to positive cover story in Barron's... Stock now well above key support at 33... Next resistance in the 42-43 range.