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

To: chunmun who wrote (17390)	6/26/1999 7:31:00 PM
From: chunmun	Read Replies (1) \| Respond to of 64865

Are the FEDS releasing the interest rate on wednesday at 2:15 p.m? If not when are they. thanks. with regards, chunmun

To: chunmun who wrote (17390)	6/27/1999 2:33:00 AM
From: Alok Sinha	Read Replies (4) \| Respond to of 64865

I expect some weakness in the tech sector Monday and early Tuesday. If the fed raises rate by only 25 bps, there may be relief rally - but I don't expect that to last long if the long term bond stays above 6%. Strong earnings may keep the market up at these levels until late July. But I expect a sell-off in Nas to the 2200 - 2300 level by late Aug and Dow at around 10K, if the long term rates don't head back to the 5.5% range. The internet and financials sector is probably more susceptible. The stronger techies, SUN, CSCO, MSFT etc will hold up but I don't see a rally to the next leg. I am happy if SUN holds over 60 for the next few months. Strong earnings and positive statements for this qtr may ensure that. Fir the short term I think thereis support in the 62-63 range. Doubt it will go back to 68-69 soon. Regards Alok