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Technology Stocks : All About Sun Microsystems
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To: Sueponine who wrote (39429)12/18/2000 5:36:32 PM
From: rudedog  Read Replies (1) of 64865
 
Sueponine -
This too shall pass, and as long as you don't have margin or option pressure, time will restore your position.

Still, a few of us were suggesting that a prudent investor might take some SUNW profits off the table.

On November 5, Yaacov posted Message 14730839

Some of his advice in that post:
We have to be realistic, to take profit when we can, and then fight another day.
...
I believe if you have 100 SUNW with 10 to 30% percent profit built-in, then you owe it to yourself to sell 50% and take profit, and keep the other 50% for a long investment. You can always buy back what you have sold when the stock corrects. All the stocks correct, nothing grows forever.

Looking back, that was pretty good advice - SUNW was around 58 (adjusted) when he posted.

Yaacov of course took a huge round of buckshot for that from the faithful in the "Church of SUNW". I added my 2 cents worth in
Message 14731891
where I said
Greed is the enemy of long term investing. Another maxim - no one ever went broke taking a profit.


I was not posting to bust anyone's chops. Go back and read some of the posts in response to what Yaacov and I were saying, and see if maybe anyone else was lulled into a false sense of security, when protecting assets might have been a wiser course.

Good luck and remain calm. You may have missed an opportunity to make some money but a diversified portfolio will surely come back...
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