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

To: Alok Sinha who wrote (11849)	11/20/1998 6:30:00 PM
From: cheryl williamson	Read Replies (2) \| Respond to of 64865

Alok, Let's say SUNW makes its numbers this year (=$2.77/share) p/e = 25: 69.25 p/e = 30: 83.10 p/e = 35: 96.95 p/e = 40: 110.80 I have a feeling SUNW is going to beat its numbers, maybe by quite a bit. If they do, why play around with the day traders??? cheers, cherylw

To: Alok Sinha who wrote (11849)	11/21/1998 5:31:00 AM
From: Homer	Respond to of 64865

A strong base of $58 was established over 7 consecutive trading days 2 weeks BEFORE the court decision. Regards to all, a true believer here, '$100 by 2000' <....any technical reason ...why you strongly believe that there will be a retracment of SUNW to 58....> If I can share some reason opposing any drop below current levels (66 1/2); quite the opposite. first Sun earned these levels by taking market share, by expanding product lines,software tools (due out next month) focusing on the set top box and ISP arenas and embracing today's rapidly expanding data storage needs. Earning a higher multiple. Not just boxes anymore! second Where is the selling pressure going to come from? Daytraders, lulled to sleep by Sun's reliable $50 ceiling, were shaken off at $60, for sure by $66, They are still waiting for $55. Then the court decision, and a base of $68 for the last three days. We are on new ground here. Would you bet against Sunw right now? I reason the market has stalled, trying to evaluate the effects of the court ruling and weigh Microsoft's reaction. Right now the results of those evaluations are going to press, read them this weekend. "MSFT SUFFERS STINGING DEFEAT" Can't remember reading that before. Many are asking, "Who is Sum Microsystems? Until now Java had better name recognition than Sun. early accounts may not address the importance to the growth of Java as the universal internet language or McNeely's plans for the 'Indusrtialization of the Internet'. third The base of the last three days is above the recent inter day high set last Tuesday (10) of 66 1/2. Worthy of mention. Dropping to 58 on Friday (13) basing , then rising to 62 and basing Monday(16) and closing at a new all time high of 66 11/16 on Tuesday(17) BEFORE the decision between. You can imagine, this makes a 'cup' formation over a weeks period and THEN is followed by the last three days base at 68. Like a handle? Is this the bullish 'cup and handle' T/A pattern?. It is my observation that over the last five years, for some reason, every eighteen months, sun makes a huge surge. roughly: $5 in June '94 sun rose to $20 (300%) by Jan '96; from Jan '96 it rose from $20 to $53 (160%) In each case the moves upward were swift and violent, occuring in a quarters span, up 4-5 consecutive months I suppose this run began at $40, placing the topside a minimum of $85 and Has share price 'taken into account' the court ruling? No Does 'everyone' want to own Sun shares, yet? I expect a strong move upward Monday as the market 'accounts' for the news and a close above $70. Rumor and speculation for you to examine. Read at your own risk. Thanks for listening, I'll return to the outer edges.