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

To: Charles Tutt who wrote (29280)	3/22/2000 11:49:00 AM
From: Steve Lee	Read Replies (1) \| Respond to of 64865

Firstly, it's too early to say if it is a head and shoulders unless we see it close below 100 today (and tomorrow for confirmation). More important is the increase in volume that occurs at the 100 level, followed by a drop. This happened previously end of Feb and beginning of March. 100 is a strong resistance for SUNW. Maybe it will be third time lucky, but I doubt it. If I owned SUNW now, I would sell it, regardless of the head and shoulders. I don't think any decline in SUNW will be drastic, more of a drwan out process. You may have your own other considerations like taxes - which I am not subject to with my offshore accounts.