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Technology Stocks : All About Sun Microsystems
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To: Mephisto who wrote (29130)3/17/2000 2:43:00 PM
From: High-Tech East  Read Replies (1) of 64865
 
cannot imagine why a journalist would write that SUNW, EMC, CSCO and ORCL are a sucker's bet unless the journalist is ignorant about these companies ... another opinion about the Wall Street Journal from a successful businessman who owns his own investment firm: he told me recently that you'll never make any money if you read the WSJ.

... speaking of being defensive, Mephisto ... I've been here for three years, and your posts are usually well articulated and thought out ...

(1) Anyone owning a high P/E stock has good reason to be cautious ... and cautious all the time ... my opinion ... I am not saying that neither you or I should not own such, but the reality is ... if they slip at all, they will surely get slashed.

(2) In terms of the Wall Street Journal (and its sister publication, Barron's) they are excellent business newspapers for news. But beware their editorial pages and columns. Their editorial views are to the right of Atilla-the-Hun, and their guest columnists include all kinds of folk including Bill Gates, Scott McNealy etc. (including the author of the article you were addressing who I think is from the University of Pennsylvania). Readers have to be careful in this regard ... but for business news, there is no better business publication in the U.S. or perhaps the world than the WSJ ... my opinion ... TA types prefer Investor's Business Daily (which is also excellent), but for fundamentals, it is hard to beat the journal.

Ken Wilson
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