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Technology Stocks : All About Sun Microsystems

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To: Ken Sullivan who wrote (6936)	1/16/1998 8:22:00 PM
From: Byron Xiao	Read Replies (1) of 64865

Hey, Ken. The reason I picked 60 was because one of the brokeage firms (forgot which one) posted a target price of 60 for SUNW for 1998. I think SUNW will probably go higher than that, but I also remembered how SUNW went from 53 to 30 last quarter. The other thing is the global economy and the US market. We've had an incredible run for 3 straight years, and haven't been to recession for about 10 years, I am just afraid it's about time this year. It's purely personal, I have 60% of my profolio in SUNW and my avg price is about 30, so at 60, I doubled my investment in less than 1 year. I planned to use it to invest when we hit the bottom in the recession. >Byron, >I did the same thing with Dell in 95, but I held on to SUNW and have >been adding since. Your philosophy is similar to mine. But I am >curious why you will sell at 60. How do you pick that price? And >will you rebuy if it goes back down from there? >thanks >Ken

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