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

To: ftmp who wrote (16605)	5/25/1999 4:33:00 PM
From: Alok Sinha	Respond to of 64865

I am not too sure how much more downside there is. Fundamentally there is no specific bad news out there. The only concerm is rates, and the 30 year bond is in rally mode. This looks more of a technical sell-off than anything else. What I am surprised by is the intensity of sell-off in high quality names which have more or less assured the market of strong results - SUNW, LU, DELL,CSCO etc. Financials were pricey anyway, so the correction there is not unexpected. I bought some stocks that I had been eyeing for sometime - PMTC, HD and LEVL. As I said, the selling has to stop sometime (it usually does) and the snap back will be quick (it usually is). Wish I had held on to my SUN puts a little bit longer. Regards Alok