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

To: JDN who wrote (17976)	7/20/1999 12:33:00 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

Not really so hard to figure, JD. SUNW is among the most volatile of the "respectable" tech stocks, i.e., the ones that are real companies with real earnings and aren't just walking on air like AMZN and friends. In general, when the market sniffles, SUNW catches a cold. This is all pretty standard. Tech was pretty overbought and this correction is to be expected: everybody heading for the exits trying to be the first out after the 100% predictable post-earnings selloff. Since everybody knows about it, it becomes a mid-earnings selloff or, in SUNW's case, a pre-earnings selloff. Unless you're day trading, just sit through it. SUNW looks (to me, at least) like it's establishing a high-60's base earlier than I thought it would. That's a good sign. Don't let the bear religionists scare you into thinking this is the end of the world. Chin up, this too shall pass. Jus ask James Nicoll...he'll reassure you <g>. JMHO. Regards, --QwikSand