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Technology Stocks : All About Sun Microsystems

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To: Lynn who wrote (24703)	12/14/1999 5:30:00 AM
From: JDN	Read Replies (2) of 64865

Dear Lynn: I have respect for Laszlo and listen to what he has to say. However, I think he is talking from a market timing viewpoint not from an investing viewpoint. I will not be surprised IN THE LEAST if we have as much as a 20-30% pullback in the high tech stocks, why not we have had way over a 100% gain just in SUNW in recent periods? But, for the reason I gave in my previous post to you it will recover and go on to even higher highs. Incidentally, this PARTICULAR time about the only alternative stock he lists that I agree with is Chase. I dont own Chase but have thought of acquiring some, financials are pretty low these days. So, in summary, if you wish to attempt to time the market and if you are investing out of a tax free account then I wouldnt have a problem with selling now. But for myself, I am a long term investor and the bulk of my funds are in TAXABLE accounts. Makes no sense to me to pay uncle Sam a HUGE capital gains tax just to GAMBLE that the stock will make a pullback large enough to at least offsett the tax cost so that I can buy back in at a lower price. JDN

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