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

To: JDN who wrote (28941)	3/14/2000 11:17:00 AM
From: Steve Lee	Read Replies (2) \| Respond to of 64865

I think any price between 88 and 96 is on the cards today. In fact we will probably see the whole range. Very unlikely to see anything outside that range today though. I am turning increasingly bearish on SUNW. Won't be taking a short position just yet though. Not with the likes of MU competing for my put money.

To: JDN who wrote (28941)	3/14/2000 6:11:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 64865

>>"But I know you are too smart to believe that yourself (90)."<< Well you got the smart bit right if I may say so <VBG> but I was being sincere. Was surprised to see it go below 88 but a breach of support that is short lived can be allowed and doesn't necessarily count as a proper breach. 88 will go soon and then we will see high 70's. It is too soon to tell what will happen after that but I will, as always, put my predictions on the line for public scrutiny. Edit - today's market action was actually pretty bad. Even RMBS tanked (after I closed out 2/3 of my already reduced position some 50 points above the closing price - the other third went just before the close before a further small drop). PCMS held up nicely and any wireless freaks that want a growing stock with a sane valuation might take a look. Other picks of comms companies with good growth and sane valuations are BRKT, ECIL, GALT & TESS. I hold positions in all of those. Should say I am still bullish on RMBS but that it is only now a potential 2 bagger in the next 6 months, which does not make it worthy of my funds.