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


To: Marvin Mansky who wrote (26680)1/22/2000 11:31:00 PM
From: Technician  Read Replies (1) | Respond to of 64865
 
SUNW has almost doubled since 10/1/99 (90 pre-split),
it just set a new intra-day high friday and lost less then 3 points to profit-taking, it will make a quick dash to 100 and since we are still in Janaury, money waiting to come in after the earnings will pour in next week, SUNW will also get a boost from solaris8 and option expiration unwinding, It is hard to say if the NAZ will correct if the FED raises rates by only 25 basis points, the 30 year bond has already helped the FED, I think we will see a rally in the DOW to catch up with the NAZ, things look extremely good and the fear in the market is a BIG POSITIVE SUNW looks great.