I'm not seeing the train wreck.
I understand what your saying and doing. It's all quite
consistant with the continuous upside surprise SUNW has
been for you and with your broad interest in investment
vehicles apart from equities. To put it in a single
sentence, you've traded in the Viper for a Volvo.
I didn't mean to imply that you were scared out of SUNW.
Addi wasn't either. He just figured that dispite SUNW
cranking up the EPS, valuation wouldn't expand because of
something to do with investor 'perceptions' and
therefore he had plenty of time to go make money where the
momentum was then before timing back into SUNW right before
perceptions changed. You're not trying to time anything
apart from a prudent repositioning of your portfolio into
what you see as uncertain times.
Still, I don't see the bleak future. I don't see a
recession. I don't see a 'tech bubble' collapsed or
otherwise which SUNW is a part of. Sun isn't closing
plants. Sun is OPENING plants; opening entire campuses.
PCs have saturated. Amazon shareholders finally got a clue.
VCs stopped inanely funding silly business models.
Investors are heading for the appropriate exits, waiting
for the 'all clear', sidelining money or parking in the DOW
and a few Advanced Placement students like you are
diversifying into bonds, Sacagawea dollars and potted
meats.
If there was a bubble bursting on the NASDAQ, wouldn't that
be a *good thing for SUNW and the other leaders with actual
sound balance sheets and forward stories chasing the same
investment capital that *is in the market?
If there is say, a gazillion dollars spread amongst the
various US equities, and dollars begin to redistribute
themselves away from crap and saturated markets and more
toward quality, wouldn't that spell good things
for SUNW? You seem to assume that folks are going to all
keep their market money in a mattress, that folks are going
to stay away from 'tech stocks' because MS and Intel and
Dell (and the Zapata fish oil corp.com) aren't
what they used to be. Surely, there's more to the menu.
Yeah, I'm looking for the trillion dollar market cap.
Pulling up alongside the Stanford stablemate, CSCO would
seem like an arrival. SUNW will likely pass IBM this year
(permanently). The market climbs a wall of worry. SUNW
just climbs.
-JCJ |
