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

To: jim kelley who wrote (24413)	12/9/1999 1:51:00 AM
From: Alex Chun	Read Replies (3) \| Respond to of 64865

Jim, what does this mean with respect to buy/sell/hold decisions? How do you personally value stocks? Alex Alex Stock is a pure commodity. The price of a stock is determined by supply and demand. The price of a stock need bear no relation to the underlying value of the company. We have seen this truism time and again this year with IPO's and other companies whose stock price has gone parabolic. The company's story influences the demand for the stock. The supply of stock can be manipulated to some extent by stock splits and varying stock float relative to the demand. This has been known for centuries( see Cajetan)