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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (238)	12/11/2000 8:32:06 PM
From: Susan G	Respond to of 5732

Connor, I sas just looking at JNIC, it was tempting when I saw it tank today, but I have learned my lesson the hard way with falling knives and am now gun shy <g> But as soon as it bottoms and turns up a bit I'll nab it! LU, looks like it's time to buy it, tuck it away and forget it for a year. And maybe time to tell my best friend (a non trader who got caught) to average down maybe?

To: Connor26 who wrote (238)	12/11/2000 8:42:06 PM
From: Susan G	Read Replies (2) \| Respond to of 5732

SUNW comments from Stockbottom.com: MARKET WRAP =========== Land of the Setting Sun Somebody had to get whacked, even on a good day. Sun Microsystems (SUNW) shares hit a new 52-week low of $32.63, but then closed at $34, or down 12.7%, on five times normal trading volume. This extended Friday's 9% slide, which was triggered by concerns over accounting regularities and a slowing growth rate. Today, Goldman Sachs' Laura Conigliaro told clients that she thinks the company is "less likely" to beat current financial estimates, and "fresh money would probably be better advised to be looking elsewhere," pointing to Brocade Communications (BRCD), up 2.5% to $225.13, and EMC Corporation (EMC), up 3.5% to $90. Analyst Kurtis King at Banc of America told clients that demand has slowed for Sun, and if the company fails to report "significant" upside or doesn't raise estimates for later periods, this period may be viewed "as the negative turning point for the story." Ouch.