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

To: Technician who wrote (6893)	1/15/1998 6:57:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

You said. 1) Real beaten down stocks like MOT & DEC get a slight lift on good news. Given their consistency and history for missing estimates, response to MOT and DEC was a relief which will soon evaporate given their fundamentals which in my opinion is not very rosy (MOT better than DEC, but also has higher multiple). Response to INTC was not surprising, given the figures were lower than original estimates and predictions of flat quarter - resulting downgrades have put presure on the stock. SUNW's forecasts are quite optimistic, so I expect some upgrades, esp from brokerages which rate it as neutral. You are correct - under a normal market SUNW would be up 3 points in after market. Now we will see a rise over the next few weeks; tomorrow's action will be based on market / option expiry. IMO, Any weakness will be used by investors for bargain hunting (as it has been in the last two weeks). Regards Alok