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


To: Elroy who wrote (50261)7/9/2002 2:31:52 PM
From: FNS  Read Replies (1) | Respond to of 64865
 
Elroy: re <who is selling Sun at these levels?>

Good question....but market still dismal and no spark from Bush! OTOH, I think SUNW will rally soon since 4Q earnings should be out on 7/18, hopefully, a clean black penny!

fns



To: Elroy who wrote (50261)7/9/2002 8:20:30 PM
From: DRRISK  Read Replies (1) | Respond to of 64865
 
SUNW is being shorted for great profit at these prices and there is a battle for the all important $5 barrier which has been breached several times now. We do seem to be gathering significant support to rally over $5 definitively but this is not going to stop the shorts from making every effort to bring the price under $5 which triggers a margin call cover for the small investor and great angst for many Institutions who loath to hold shares that are under $5.

I think we hold $5 and clear out a lot of short interest that will cover during a run from $5-$8.

GL

DrRisk