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Technology Stocks : All About Sun Microsystems
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To: uu who wrote (7851)2/20/1998 3:20:00 PM
From: Carl Wysocki   of 64865
 
Addi, as you've clearly learned, you really have to be in this for
the long term to make any appreciable money. Until 1995,
only the traders made any money in Sun as it consistently traded
in the 18-40 range, pre split. Even after the big pop in 1995,
the stock essentially slept through 1996, although it was a very fitful
sleep.

I was a long suffering shareholder from 1987-1994, but I was
invested for the long haul and it's certainly paid off. I also sold
off half my holdings last fall, but that was just to eliminate my margin
debt and to allow me to sleep at night. I'm figuring the rest of
my holdings should return a decent 20-25% for many years to come,
even if Java goes nowhere.

BTW, if you did indeed have a significant position, you will be
shocked when you do your 1998 taxes-itemized deduction and
personal exemption phase outs as well as AMT implications of
your "fat cat abusive tax shelters" aka state income tax.

Carl
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