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

To: DRRISK who wrote (49224)	5/24/2002 6:52:47 PM
From: Steve Lee	Respond to of 64865

I think over the next few weeks that SUNW will pretty much move with NDX. It had some high volume selling that got it below the Sep 01 lows. Unfortunately the bottom just after that was set on lower volume than the break down. The reversal was likely due in part to the reversal in the NDX. That NDX reversal came after a severe oversold condition comprising of equity P/C ratio around 1.0, VXN at a near 3 mth high, stocks well below max pain with expiry a few days away and $BPNDX at a 7+ mth low. In other words, SUNW had a bit of help in turning around from the broader market. So there could be a lower capitulation bottom coming, even if the NDX holds its Sep 01 lows. Absent of a general tech meltdown, I don't think SUNW will break this year's low until the next earnings or guidance from the company. What it does after that depends on the results/guidance. If we get a sharp decline in the NDX, then SUNW could go to new lows before then. If we get a NDX rally then SUNW will likely join in. I think the top of the recent gap down will represent formidable resistance, due to the volume experienced in the further decline since then. If I were to trade it, I would sell above 7.5 with a stop at 7.7. I would buy at 6.2 with a stop just below 6.0. The parameters would be subject to review dependent on volume and broader market as stops were approached. I wouldn't trade SUNW cos it has little recent history of being in the current price range so has a high likelihood to surprise in either direction. If SUNW gaps back above $8, then I will probly buy in for a nice multi day recovery rally. In terms of valuation, I reckon it is about fair where it is. That gives it an advantage above most other NDX stocks.

To: DRRISK who wrote (49224)	5/25/2002 6:48:12 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear Dr. Risk: I will tell you what I THINK. I no longer trust ANY analyst. Merrill Lynch turned out to be a bunch of CROOKS, and all they got was a slight slap on the hand. Only EGGS THEM ON. What ever happened to our SEC. Bunch of pandering pansies IMHO. No one has FAITH anymore in this market, its totally controlled now by traders, speculators and big funds. We need to see some SERIOUS JAIL TIME for about 50 people THAT would put this market back on an even keel. Prices now are RIDICULOUS and you can tell that by the HUGE swings percentage wise in QUALITY STOCKS. Unheard of in the past. I can live with a down market what irritates me to NO END is uncalled for swings. I was buying on huge dips and just accumulating, now I am doing NOTHING and I suspect the INVESTORS like myself are probably all doing the same. jdn