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

To: QwikSand who wrote (18565)	8/10/1999 1:50:00 PM
From: Mephisto	Read Replies (1) \| Respond to of 64865

QwikSand, I wonder if Greenspan won't raise interest rates three times. He will take back the three rate cuts he gave the market last year. But if the market drops drastically, after the second cut, he may not. We have a Presidential election coming up in the near future! So whatever Mr. Greenspan does he will move quickly. And I am sure that he and everyone else in Washington will want a stable stock market at election time. Mephisto

To: QwikSand who wrote (18565)	8/10/1999 2:41:00 PM
From: Lucinos	Read Replies (1) \| Respond to of 64865

Although you told me that I was wrong. However, the market tells me differently. Frankly speaking, I agree with you that I was too extreme in my previous post. However, nothing is impossible in this stock market. My friend told me that they prepared the program to buy the internet stocks on Friday together with a few of the other institutions even though they anticipated the job report would be bad. They planned to launch the buying program at noon to allow an early market sell-off). However, it was mostly due to the crashing of Ebay that they changed their mind. Since he is a professional person that he can not let me know what they are doing and planning to do, he can at least tell me what the history was. After talking to him, I wrote my post. It was too bad. A small company like Ebay can change the whole market sentiment just because it crashed at the most critical time and is a major company on the internet index. Well, Ebay's crashing may have nothing to do with Sunw. However, it is the effect that indirectly affecting the whole industry. So, just as I said, nothing is impossible. Now, we just hope that people will calm down tomorrow. Lucinos