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

To: Alok Sinha who wrote (20435)	9/29/1999 7:31:00 PM
From: QwikSand	Read Replies (2) \| Respond to of 64865

Dale's points are not worth grinning at, let alone responding to. But personally, I remain very concerned about the continued lack of breadth in the market. What threatens SUNW's valuation is nothing specific to Sun, it's this inverted pyramid of dollars that is the current market, with a few dozen issues making up some huge percentage of the market's value, while the overall trend in stocks is down. I don't understand how a situation like that can hold. Eventually somebody has to wake up. Then again, maybe not. --QS

To: Alok Sinha who wrote (20435)	9/29/1999 9:08:00 PM
From: Charles Tutt	Respond to of 64865

Well, as long as I'm amusing, I guess it's ok.

To: Alok Sinha who wrote (20435)	9/29/1999 11:10:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 64865

I thought SUN was a little stretched, but if you are considering shorting I am definitely adding to my position. ROFL! I'm considering going short SUNW. Not only would it be financially rewarding, but I would get the added enjoyment of bothering you folks. But I will probably instead just add to my long position in WTSLA that I've been building over the past few days. Please let us know when you take a "real" position (not imaginary short via hypothetical puts). My PUTS were "real", unfortunately. I wished they had been hypothetical. Also, after being so wrong about this stock (the stock has gone up 150% since you appeared on the thread and "shorted" SUN last Oct/Nov), I find it amusing that you give the same lame reasons for SUN being overvalued as in the past. Well according to you guys I wasn't short sunw, so I guess I didn't lose any money shorting sunw. As for my reasons, they were valid reasons last year and they are even more valid this year. What I find more amusing is that Charles cared enough to respond to those issues. Charles is pretty sharp. I suspect he is worried about the issues I raised, but he pretends not to be worried, so as not to alarm the masses. BTW I bought some Nov 80 puts on Monday, not because I am bearish on SUN but because I have way too much exposure in SUNW and I like having insurance in case the market tanks. I suspect you will do well with those puts. Your timing was very good. A lot of investors value the views of the MSDW analyst, Kraemer, who increased his estimates and price target for SUNW Be wary of those analyst upgrades or rising price targets. I would call the sell-side analysts a con game, but that would be too dignified.