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

To: LKO who wrote (7074)	1/19/1998 6:13:00 PM
From: uu	Respond to of 64865

I was just checking out the short interest on SUNW and found it quite interesting that as of end of December the total number of shares shorted is a little over 14 million shares (see viwes.com . This is twice the normal. With the latest earnings report and the positive strong outlook I believe a very nice squeeze is on the way. The squeeze itself should push the stock up at least between 10-15% higher from its current price to put it at around $50-$55/shr. In fact the total number of shorted shares on Nasdaq stocks on average seem to have doubled as of end of last December. Possibly in the anticipation of horrible earnings due to South East Asia. Now that earnings are coming out strong I think Nasdaq is about to set new highs (just my humble opinion as always).