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

To: johnd who wrote (26713)1/24/2000 3:11:00 PM
From: johnd  Read Replies (3) | Respond to of 64865
 
Boy, I didn't expect to make a short-term market call and
be proven right in 3 hours. All of tech, the whole NASDAQ
and several internets carry heavy risk with them. At least
companies like YHOO have 100% growth rate. But SUNW is a
25% growth hardware company that doesn't deserve 120 PE
on that 25% growth.

During the last 12 months, while profits went up about
25%, stock was up 400%. But why?.

I think several techs, SUNW, AOL, YHOO, ORCL, even MSFT
are overvalued and some of them could correct down sharply.



To: johnd who wrote (26713)1/24/2000 3:28:00 PM
From: SecularBull  Respond to of 64865
 
From one with a bullish perspective, I hate to admit it, but SUNW and CSCO have been getting a needed haircut, generally, for the past few days. I think that this is healthy. If I were inclined to sell covered calls, I would have done so on CSCO and SUNW early last week, without question.

Nevertheless, I think that today's movement in the general market is very temporary (famous last words?).

LoF


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