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

To: Don Green who wrote (63981)	10/25/2006 7:26:36 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 64865

I am a firm believer of market makers, who calls the bid and ask prices with markups. So, the jargon is overbought/oversold. The specialists do the same before the bell. Then the auction starts after the bell. There are only about 685 market makers in the US. The stock chart is a character of the lead market maker's signature. In the oversold(accumulation stage) the price pulls back severely. Sometimes 90%. Sunw had bottomed out there, then. Now, over several years sunw had rebuild up to $5; but the short interest is outrages. Unless distribution(overbought) starts and the classical Elliot waves(900% gains) are observed, Sunw is going no where fast. Elliot waves(three years up, two years down) are easily studied using Valueline charts. Or any historical charts of any stock9market maker's signature so to speak). In the end, Sunw profit and earnings ratio will give the market makers an excuse to distribute their stock pool.