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Technology Stocks : All About Sun Microsystems
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To: uu who wrote (10725)8/7/1998 1:01:00 PM
From: High-Tech East  Read Replies (1) of 64865
 
Addi. Greetings. I sold 800 of my 1800 shares in SUNW today at 50.000.

It is not that I have soured on SUNW ..... NOT AT ALL.

However, I do believe that with consumer confidence, real estate and consumer spending at all-time highs, there is lots of room for all American stocks to correct significantly in the months ahead. Especially with the dangers in Japan, specifically and Asia in general.

China could be a large negative factor as well, especially if they devalue their currency - which is looking more likely.

Also, to a much smaller extent, the Clinton-Lewinsky situation may cause some short term negatives.

I plan to buy back in at 35 to 40, and take my chances with the 1000 shares by themselves if SUNW runs up to 60+.

You, your wife and the new baby take care.

Ken Wilson

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