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


To: LKO who wrote (11165)9/25/1998 6:02:00 PM
From: Sonki  Respond to of 64865
 
this stock will not get an upgrade untill ML has finished collecting it. then you will see a strong buy (time to sell)....till then enjoy the ride.

went up on twice the normal volume.... new hi

all the smart people should be collecting now...



To: LKO who wrote (11165)9/25/1998 8:15:00 PM
From: QwikSand  Respond to of 64865
 
My prediction: Next Friday when Alan Greenspan & co do not lower interest rates as Wall Street is hoping, things will go down
again.


I agree entirely with your prediction. Not a single economist that I've heard discuss the subject thinks there's any justification for a rate cut, but there's probably at least 150 points in the Dow on the expectation of a cut. Every time these zero-profit Internet stocks go up like they did today, I don't think "bull", I think "bubble". Those things have the fundamentals of a roulette wheel.

What's very positive is that Sun has ridden out the volatility quite well over the past few weeks. We can hope that, despite the no-rate-cut hit and potentially bad earnings from other techs, Sun stays for the next three weeks in a range where it could benefit from a good Q1 earnings report.

Regards,
--QwikSand