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Technology Stocks : All About Sun Microsystems
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To: Lynn who wrote (24120)12/6/1999 7:37:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
Dear Lynn,
I do not disagree with anything you said. But one has to keep valuations in mind during investing. SUN is a must hold if you believe in the growth of the Net. But it pays to be cautious - esp. when the market leadership is so narrow, the net bubble is balooning and momentum traders are ruling the roost. SUN, CSCO, EMC etc are all up about 50% in one month (QUAL even more). History tells us that speculative binges have a bad ending - right now it is what is popularly been called B2B, since the market has figured out that consumer don't wan't to pay for the conveneience of doing anything over the net. I am certainly not bearish (wrong time of the year for that), but it ceratinly is prudent to lock some profits through covered calls.

Regards

Alok
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