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

To: Charles Tutt who wrote (5475)11/12/1997 10:12:00 AM
From: Dimitry A. Semenov  Read Replies (1) | Respond to of 64865
 
Anybody see the reason for a sharp downturn for sunw at around 9:50 this morning? Sun is way down, 5% vs other techs around 1% that are down in line with the market. What is it? Margin calls, downgrades or just some fund that bought in the 40s writing off losses?



To: Charles Tutt who wrote (5475)11/12/1997 10:19:00 AM
From: Pierre Aydin  Respond to of 64865
 
I just can't believe the hit this stock has taken in the past month, people seem to think that the company is going out of business. It's the herd mentality that Wall Street seems to can't get enough. This is a repeat of the sell-off that happened back in summer of 96 and these Wall Steet people could change their mind any day, just like turning on a light bulb.

Good luck to all,

Pierre


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