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

To: techtonicbull who wrote (39168)	12/13/2000 5:26:32 PM
From: Steve Lee	Respond to of 64865

with a 50+ PE and a 30 - 40 % growth rate in a market that risks being commoditized, is it really selling so low? Or are you just comparing today's price to historic prices? Times have changed. Is AMZN a good buy in the $20's just cos it used to sell at $100+ ? Surely it must be, the internet isn't going away and AMZN is the market leader by a long way? Was it a good buy in the $50's. Did AMZN investors at $50 feel the way you guys feel now? SNDK is selling at a multiple lower than its growth rate, and it is growing much faster than SUNW.

To: techtonicbull who wrote (39168)	12/13/2000 7:02:19 PM
From: Stephen M. DeMoss	Respond to of 64865

Tech, Based on options for Sunw, it seems the pressure is for the MM's to close Sunw higher from where it is today. There is no benefit for them to close it any lower than where it is today. The 35 strike has a boat load of puts there and the strikes above it all the way to 40-45 is loaded in puts. At a minimum they will want to run the stock above 35 and maybe to 37.5 so they do not have to pay out in the heavy put situation. My 'bet' is there will be some relief over the next day or two (most options are closed by Thursday). Maybe Oracle will help the tech sector after the bell tommarow. We shall see. Steve D.