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


To: John Carragher who wrote (13504)1/16/1999 2:38:00 PM
From: Sonki  Read Replies (2) | Respond to of 64865
 
jdn and all,sunw did not split at 60+, maybe it will never split.
i suspect sunw might be changing "image" from being a cheap stock to one that would be owned by some one who really wants to own the company. (vs a stock to trade).

having said that ...i have been wrong on the stock and i seem to tripping over myself. i sold some at 100 few days ago and the stock went to 105. on friday morning i was hoping to buy at 86.5 hoping for a market melt down and i ended up buying at $100 again.

cuz incase the company annouces a split, who knows we may hit the sky agian ! then again we maysell off on news. who knows! noone knows!
not even the ceo knows what will happen...so we just hold for the
132 target that Morgan? gave us. that is good 32% from here. maybe if target was after split we can go up 64%.

stock does not have to go down cuz "it's extended".
sunw going from a systems company to sw or perhaps an internet company like csco. look at valuations on csco. just think how many people do not OWN this stock that will soon want to hold it as their core position