QwikSand ... (1) I may be completely wrong, but I am telling you that I acted on my own analysis.
(2) If you look at SUNW's after-hours trades today, I think you will find some big institutional trades that might support your position that SUNW will not correct significantly. ... all I am saying is that personally, I do not 'buy' the story, in the short term (maybe medium term), that SUN will not correct significantly.
nasdaq.com
(3) I agree with you, that the Fed will probably not try to make big 'trouble' and that the election year will keep them from being 'too aggressive.'
(4) And I also agree that if I were in your shoes (in a taxable account, that is), I would have probably not sold-bought-sold as I did in the last week.
(5) But part of what I am saying is that it will not take too much in the way of action or words (by the Fed) to really cause the tech stocks to correct big-time (whatever that is). Maybe not the entire market, but those tech stocks like SUNW that have traveled the furthest, the fastest.
(6) Lastly, if I believed in SUNW as much as I do, and I was in a taxable account, I probably would hold on come 'hell or high water.' But I would be preparing myself for the mental agony of watching such possible reversal so I might possibly resist selling while it is down - in a moment of panic.
Ken Wilson |
