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


To: QwikSand who wrote (38733)12/8/2000 12:06:18 PM
From: cfimx  Respond to of 64865
 
>>What a load of baloney

there's only so much kool-aid to go round qwik.



To: QwikSand who wrote (38733)12/8/2000 12:11:49 PM
From: E_K_S  Respond to of 64865
 
Here is an earlier report from Briefing.com:

"...09:17 ET Sun Microsystems (SUNW) 42 13/16: -- Update -- Stock has been weak in pre-market due to aforementioned short-selling report that apparently cited slowing sales at Sun distributors, but we're hearing that analysts are now arguing that there should be slowing at Sun distributors because Sun is shifting to a direct sales model via the web; stock has rebounded to 42 5/16...."

Is Sunw's direct sales model for the low end servers those done through E-Bay? Or does Sunw sell these directly from the Web site?

EKS



To: QwikSand who wrote (38733)12/8/2000 12:28:21 PM
From: Prognosticator  Read Replies (1) | Respond to of 64865
 
SUNW is an attractive short. A couple of weeks ago I switched to short trading of highly valued stocks (ARBA, VRSN, BRCD, CIEN), in frustration with the continual downward spiral of my portfolio. I learned a lot in a short time (no pun intended).

One of the stocks which showed up in my screening was SUNW. This shocked me at first, but explains the current downdraft completely. Short's will attack SUNW until somebody says something positive about either SUNW or the election, then all the short sellers will head to the exits again like they did last tuesday during the 12-point run up. All short covering IMO. Then they'll attack again. Eventually the next earnings release will scare them away and they'll target another company which has held up well in the down market.

All told shorting was a worthwhile experience, which I now know I'm not suited for, and I was lucky to get out even. Short sellers play rough.

P.

Edit: I forgot the usual blah-blah-blah about the above not being investment advice. You know I know I don't know what I'm talking about.



To: QwikSand who wrote (38733)12/8/2000 1:23:02 PM
From: JDN  Respond to of 64865
 
Dear QS: Its the OLD Accounting issues fraudulent rumor trick again. Its been played over and over on so many public companies. Always seems to work though. If the SEC was DOING THEIR DAMN JOB instead of NITPICKING somebody ought to go to jail once in awhile. JDN