The Chart du Jour
Arguably, Sun Microsystems was the last of the high tech big cap names to fall from grace. It only began its recent plunge last September at a time when many other popular names like Microsoft and Dell had already halved in value.
And yet if our Fibonacci extrapolation of a low near $21 proves correct, Sun might be one stock to show an early bottom. The Elliott Wave count on Sun is also starting to look reasonably complete.
Don't get us wrong. We would not start trying to pick an equity index bottom yet -- at least not until the S&P is well within the 1209-1241 range. But might we be tempted to nibble on the long side in Sun near $21? Maybe, especially if it was on spread against some other short.
Could this be a case of "Last in (to the bear tech market), first out (of the bear tech market)?" It has initial appearances of such, even though our ideal Nasdaq 100 Fibonacci target for a tradeable bottom is still quite a bit lower at 1735-1825.
For immediate web-based access to our latest subscriber-only January 21th analysis, please support Sand Spring Advisors and purchase a quarterly subscription below. Our latest work will be accessible on the final page of the order process. A user-id and password for web access to all past and future articles will follow by e-mail.
How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.
Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).
Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
Take me back to the Sand Spring Home Page
Comments or Problems
Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at information@Sandspring.com
| Corporate Office: 10 Jenks Road, Morristown, NJ 07960 Phone: 973 829 1962 Facsimile: 973 829 1962 |
Best Experienced with
The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC
This page and all contents are Copyright © 2000 by Sand Spring Advisors, LLC, Morristown, NJ
