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

To: QwikSand who wrote (38351)	11/29/2000 11:42:03 AM
From: QwikSand	Read Replies (2) \| Respond to of 64865

Looks like Briefing.com did indeed get it right yesterday. Although if anybody can explain Cramer's rationale, please feel free. I certainly can't figure out what the hell he's saying here. --QS Selling Sun Micro By James J. Cramer 11/29/00 9:59 AM ET We sold Sun Micro (SUNW:Nasdaq - news - boards) yesterday even though we love Sun Micro. This is the story why. Yesterday, a prominent Wall Street analyst told her sales force that Sun Micro was doing quite well both domestically and internationally. In the call, she mentioned that someone had stumbled on a data point about how U.S. business may have gotten a tad weaker. She said that some reseller of Sun might have something less-than-positive to say about the company. She wanted people to know that this datapoint was out there and, even though she didn't think it was necessarily right, it could rock the stock in this environment. We analyzed this call. And we analyzed this tape. We said that in another environment we would wait for this data point to come out and then we would buy more Sun Micro because it would quickly be refuted. In this tape, though, we had to sell. Who could take the pain when this odorless, colorless data point hit the tape in whatever fashion possible? Certainly not us. We got out at 85. It was our best trade of the day.