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: Charles Tutt who wrote (7611)	2/9/1998 1:19:00 PM
From: Rob C.	Read Replies (1) \| Respond to of 64865

Charles, Immediate support seems to be around the 44 range which is the 50 day MA. I would like to see a test of 44 1/2 or so before we move higher. Regards, Rob

To: Charles Tutt who wrote (7611)	2/9/1998 1:23:00 PM
From: uu	Respond to of 64865

Charles: > I wish I knew where the bottom lies. I think we may not have seen the bottom line for the price resulted from this round of downgrades by the con-artists at Solomon Morgan Stanley. Usually these guys downgrade in the hope of buying more when the stock comes down by at least 10%. Given that the downgrade happened at $49/shr the bottom maybe at around $44/shr based strictly on the downgrade. Now on top of that you add the Iraq situation, AMAT's earnings due out tomorrow after the close and the idiotic claims against the President, and the stock price can go down even further below $44 (by perhaps another 10%) or go up (if any or all of the factors mentioned are not that bad!). I also want to buy more too but at the same time do not want to increase my average share price unneccessarily. Regards, Addi Jamshidi