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

To: Nick Papa who wrote (13872)1/22/1999 1:13:00 AM
From: Steve Dietrich  Respond to of 64865
 
"Can anyone explain why SUNW would trade at 4X average volume, be down 7% at the close, be down another couple in after-hours trading according to CNBC) on the day they beat expectations!"

Welcome to the stock market. Bask in the wisdom of investing for the long term...

Steve



To: Nick Papa who wrote (13872)1/22/1999 6:10:00 AM
From: Byron Xiao  Read Replies (1) | Respond to of 64865
 
Can anyone explain why SUNW would trade at 4X average volume, be down 7% at the close, be down another couple in after-hours trading (according to CNBC) on the day they beat expectations!
Seems a bit much, don't you think?!?


Because SUNW has run up like crazy since Oct. It beat the estimate by 1 cent, but the real "whisper" number was 69 cents. At 96, it's still expensive, it's still risen about 150% since Oct.


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