Sun Microsystems (JAVA) stock is a sell on every rise
November 09, 2009 3:13 PM
Computer maker Sun Microsystems (NASDAQ: JAVA) suffered a 25% fall in quarterly revenue, as uncertainty over its delayed sale to Oracle (NASDAQ: ORCL) hurt its business.
While the uncertainty may have dragged down the revenues of Sun Microsystems (JAVA), the same has failed to be a dampener on Sun Mircosoystems (JAVA) stock till Monday afternoon. The Sun Mircosoystems (JAVA) stock, pegged at $8.25, was surprisingly up by by 1.85% compared to Friday's close.
However, considering that integration may still take a longer time to yield positive results, traders would be better advised to sell the Sun Mircosoystems (JAVA) stock on every rise.







