Fair enough. As posted here, I recently margin purchased a
number of shares @ $28 looking for a go-go 80's style easy
money double in 6 months time, seeing a gift swoon of this
equity I follow so closely, long term.
But that's not my normal style, and I'd prefer to answer by
saying that my target for SUNW is measured in time more
than timing. I'm not a sophisticated investor spanning a
whole range of financial instruments. I've pretty much
chosen to splash around in US equities, and if I weren't
in SUNW, I'd likely be in other equities, and likely be in
a similar exposure to 'tech'. I'd also be adopting the sage
advice of Graham or whomever it was who said, 'hold a stock
until the fundamental reasons you bought it, change'.
Fortunately, I bought SUNW and fortunately the reasons I
bought it, haven't changed.
Selling a company because it's stock went up, I don't
understand anymore than buying a company because it's stock
went up. My question for you would be, if in the past 2
years, SUNW merely slewed up 15% or so a year to where it
trades today, would you have sold it? Was it because SUNW
valuation spiked up and then went down that you sold it?
I remember how Addi threw the second guessing of
'perceptions' on SUNW years ago and was dumped out of an
equity he otherwise truly believed in. What I've learned is
that the less second guessing you do, the better. In
our zeal to be managers, we tend to over manage. *I* think
that a big advantage we as individual investors have over
the 'professional' guys is that we don't have to LOOK like
we're managing anything. We have the luxury of being able
to buy and hold, and hold, and hold, and hold.
Trees don't grow to the sky, but trees grow. Sun is
growing. Sun's in hypergrowth. I don't *know of a better
balance sheet on file with the SEC for a company it's size.
I don't know of a company it's size with better
prospects. Where is SUNW going to be in 6 months. I don't
know, but I do know I'd rather be holding it than anything
*else.
What's a company worth these days that sustains a 40%
growth rate, and continues to grow market share through
directly driving global productivity?
I have a very hard time seeing SUNW under $50 in 6 months.
In some ways, I have a hard time seeing SUNW under $50 in 6
weeks, but the thing I have the hardest time seeing is
twister being right more often than the stopped
clock he is. <g>
-JCJ |
