SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: Sonki who wrote (40526)1/18/2001 1:35:32 PM
From: craig crawford  Read Replies (2) | Respond to of 64865
 
SUNW finally broke 33 1/2 - 34, thanks to my complaining. works every time :) I'm sorry I put you all through a temper tantrum, but if I have to throw things around the room for SUNW to go higher so be it :). I don't see any resistance at 35 (other than it's a round number). I also don't believe in the max pain draw towards a strike baloney. It's obviously not going to work in this market, especially with earnings tonight. I think SUNW might have some resistance in the 36's. I seem to recall when the CFO denied the fraudulent accounting charges SUNW got a pop in after hours that day, but couldn't get past the 36's. Perhaps a lot of people bought in on that bounce.

The point is, SUNW finally broke major resistance and short-term downtrend lines, the Nasdaq has broken it's 4 1/2 month downtrend line, and the Sox has broken out above 700. The Nasdaq 100 has broken out as well. All of the averages are green today for a change. This is the market action I have been calling for the last month. It's finally arrived and I just want to see my SUNW participate in the action and close above 34 on heavy volume.

The S&P is bumping right up against resistance here at 1350 though. Would be nice if it could break through as well.

P.S. My target in the last month or so since I have been buying SUNW was 38 or hopefully 40. I guess that is possible now if the market doesn't pick apart SUNW too bad. I'm sure the market will look for any little weakness to pick on SUNW about. Revenues can't be light, margins have to be good, outlook has to be good, etc.

I wish SUNW would announce a stock buyback after earnings but I guess that is just a pipe dream.



To: Sonki who wrote (40526)1/18/2001 1:41:57 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 64865
 
Sonki see the action in SUXAT over 15,600 contracts it smells to me as a massive short covering in SUNW



To: Sonki who wrote (40526)1/18/2001 1:42:23 PM
From: Charles Tutt  Respond to of 64865
 
Your money, your choice.

I'm guessing it'll pull back for a couple of days because of options effects, almost regardless of how good earnings are. But that's likely to be a short term phenomenon. I think by the middle of next week things will be a bit more comfy.

I think Zander has already said they're scaling back hiring, and are cautious, but that should be no surprise to anybody. Another negative is any effect California blackouts might have on productivity.

But the currency situation seems favorable, and the stock is still quite depressed, even though I think it's now over 30% off the bottom. If even IBM can increase sales, I think Sun will do fine.

The inauguration might help sentiment, as might the Fed meeting if they lower interest rates some more.

I still have significant cash, and no margin; I'm starting to wonder how good an idea that is, though.

All JMHO.

Charles Tutt (TM)