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Technology Stocks : All About Sun Microsystems
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To: cfimx who wrote (28811)3/13/2000 5:13:00 PM
From: Charles Tutt  Read Replies (1) of 64865
 
Twister, I think it was my buy at $88 to which you refer. Let me state for the record that I'd be comfortable to buy at today's level, but have no need to build up my Sun position because it already accounts for most of my net worth. I might also note that most of the SUNW I now hold was bought at the $1-$10 level, even as you and others then yammered on about how overpriced it was. If it'll make you feel better, I'll buy some more tomorrow; just let me know.

I, like many others, invest on fundamentals but still try to pick the most advantageous entry and exit points. That doesn't make us "momentum investors" or "technicians."

At the close today my portfolio is down about 6% from its peak, and this is options week, which is often volatile. I'm not ready to conclude the sky is falling.

Competition is nothing new to Sun, and they've handled it well.

JMHO.
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