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Technology Stocks : All About Sun Microsystems
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To: JDN who wrote (35619)9/20/2000 4:25:25 PM
From: Prognosticator  Read Replies (1) of 64865
 
I don't have quite as many shares as you, but next split I will be close to 1000. I started with 50, and have seen 20x returns so far. Incredible, but predictable, that's why I bought SUNW in 1996.

Having gone through my own phase of market phobia last year, and bought puts and watch them expire worthless, I came to the conclusion that puts are a suckers game on exponentially growing stocks in high volatility conditions. So I too rely on the solid performance of the company, and simply ride out the daily/monthly fluctuations. No stop-loss-tempt-the-market-makers-to-drop-the-price-to-get-my-stock orders either.

Just a strong constitution, and a 20x buffer.

P.
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