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

To: High-Tech East who wrote (25964)	1/7/2000 9:57:00 PM
From: Peter V	Respond to of 64865

Although that's nice, it traded down about 5 points yesterday, yet opened up only one point down and shot up from there. So afterhours doesn't always give the next day's direction.

To: High-Tech East who wrote (25964)	1/10/2000 7:36:00 PM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

I completed the hat trick in 8 days 01/03/00, sold 3,980s SUNW @ $76.6875 01/06/00, purchased 4,000s SUNW @ $63.9844 01/10/00, sold 4,020s SUNW @ $76.4201 This completes trading in my long term SEP-IRA for now, hopefully. As I have said before, I believe in Sun Microsytems as a long term investment more than any company in the world. But (1) the Nasdaq & Dow tech stocks are ripe for a significant correction. (2) Alan Greenspan speaks on technology before the Economic Club of New York on Thursday, January 13. (3) Fed Governor Edward Gramlich addresses the Charlotte, North Carolina, Economics Club on inflation targeting the same day. (4) M3 grew at a 22% annual rate for the eight weeks ended December 20, the highest rate in 15 years (from the latest Business Week). (5) Golman Sachs super-bull Abby Joseph Cohen says that the tech and telecom sectors, in particular should see less dramatic growth going forward (from the latest Business Week). (6) FMOC meets on February 1-2, and again on March 21. (7) Despite what I expect will be a great Q2FY200 earnings report for SUNW on January 20, and a more than satisfactory analyst conference on February 7-9, there is no way I want to hold any SUNW stock through this period. I may be wrong, and then have to buy SUNW back later at a premium, but these high P/E tech stocks are way overdue to correct, and I am betting it will be soon. Respectfully, Ken Wilson