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

To: Yaacov who wrote (39974)	1/2/2001 10:52:41 PM
From: techtonicbull	Respond to of 64865

Sun Microsystems SUNW $25.44 -2.44 (-2.44 this week) Bearish comments from several analysts about technology in general and not SUNW broke put investors into a selling mood. Given the steepness of the market decline Sun Microsystems stock held up well. Even so this was not sufficient to prevent Sun from setting a new intraday 52-week low of $25.06. As one of the few companies in the PC server sector to not warn of weakening profits, today's action must be considered to be a move in sympathy with the group and not the company. Although macd and stochastic indicators are weak, the move today was on below average volume suggesting that a bottom is in sight. The new low should provide a fair amount of support. Set your protective stop loss at $24.88 in the event this down turn picks up momentum. Longer-term investors looking for a great company at a bargain basement price could consider setting a looser stop according to their tolerance for risk. Picked on December 26th at $30.31 Gain since picked (4.87) Earnings Date 01/17 (Not Confirmed) members.netbulls.com