Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: bob who wrote (5605)	11/14/1997 9:07:00 AM
From: Ben Antanaitis	Respond to of 64865

From this morning's breifing.com: SUNW Stock right at key support of 31 (10/28 low)... Stock must hold above this floor - on a closing basis - or its additional downside risk will rise to an unacceptable level... L/t resistances are at 40 1/2 and 45.

To: bob who wrote (5605)	11/15/1997 8:50:00 AM
From: harrypolo	Read Replies (2) \| Respond to of 64865

Bob, I don't know what media hype you're talking about when it comes to the Asian markets. The hype I see is coming from the likes of Alan Greenspan and other economists telling us not to worry about Asia. I've seen it over and over again. You talk about a carefully planned media campaign...by whom???? Do you think the financial press is in cahoots with traders?

To: bob who wrote (5605)	11/16/1997 8:47:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 64865

<<The only idiocy I read is coming from those who proclaim a new and protracted Bear market is at hand!>> Bob, I would suggest that reconsider your bullish exhuberance. The SE Asia and Latin market meltdowns may have a substantial and sustained impact on the profitability of US firms. S. Korea will likely be the next target for the currency speculators. This will hit Japan as well, create instability on the Korean peninsula (remember Kim Il Jong?) and creating one hell of a lot of concern in ALL Asian markets. Now let me throw a little more defecation into the rotary ocillator. Y2K. Globally, we are in the lead when it comes remediating this problem and look at the progress we have made thus far(we're still, for the most part, in the appraisal phase). Now that all of this wealth has basically been destroyed in these economies and the spector of high(hyper?)-inflation, extremely harsh economic austerity measures are evident, the added expenditure of remediating Y2K problems may prove to be the straw that breaks the camel's back. I am in no way as confident about where this market will be in mid-1998 as I had been in July. And you may feel that the market will climb this "wall of worry" and that fear in the market is a positive contrarian sign, but I say that this wall is a little higher and more slippery than those of the past. The general psychological mood of the market is about to receive a nasty shock in 1998 as corporations begin to adher to the new SEC requirements related to unfunded liabilities brought about by Y2K. They will no longer be able to hide these cost to the extent that they had previously. It WILL impact earnings, and the overall bottom-line and thus will affect analyst projections for 1998. Bottom line, if we don't break through 8200 on the Dow for a protracted period of time, look out below. Just the humble opinion of a former SUNW holder who sold for a loss and repositioned the money in KEA. Regards, Ron