<<is a blip from some money manager guru which stated the fair value for SUNW is $21. This is when it was printing 32.>>
First of all.....we know the games these "guru's " Play......secondly, make me a list of analysts and their predictions, but only include those that were correct. My guess is it would be a very short list. These guys upgrade when they wish to sell and downgrade when they wish to buy....this is no secret. Lastly, if sunw is worth $21 a share, then I assume, csco is worth about $25, intc about $10 and etc..........
Anyway, everybody has an opinion......how many people wish they didn't buy all these dot.bomb co's when boldgett was screaming buy at $150, only to see stock go to $1......why did I sell my sunw and intc 4 years, and many, many splits and dollars ago? Because the analysts at my full service broker said both were overvalued...same with csco.....do you have any idea how much money I lost out on by selling sunw, csco and intc 4 or 5 years ago?? Hell, I wanted to hold, but I asked myself " If I am paying for the advice of a full service broker, I should heed that advice, or why pay for it"...so I listened.....needless to say, last year, when I wished to sell my cmgi at $118 after it dropped from $200, my broker asked me why. I said I wished to lock in profits before they all evaporate. Well, she said since it was down almost in half, I should buy not sell, and they were very high on it coming back strong....so Instead of selling cmgi at $118, I bought more at $118, bought more at $100, as broker said $100 will be solid support...then bought more at $65, before finally sellling the whole lot at like $20 or $25 or something like that....needless to say, I maintain my acct with my fullservice broker, but transferred most assets to my online acct.........
SUNW worth $21 a share....Heck, maybe it is, maybe it isn't.....I certainly don;t know, and my guess is the ANALyst from worth magazine doesnt know either....
but thanks for the heads up anyway...incidentaly...can you post a link to the article...if not, can you give a quick synopsis as to why he thinks sunw is worth $21 a share...all my claculations show book value much higher the stock in a very oversold condition...again, doesn't mean it wont go down more, but my guess is two years from now, sunw is higher then $35 a share.....opinions anyone? Lets here what everybody else thinks...how bout a price target for sunw on jan 1, 2003....I'll start, and be conservative and say $45 a share, although I think it could be over $100, IF naz comes back strong...if not, then $45 seems reasonable and fair for two years from now.....heck, she'll probably be back over $30 - $35 on a naz rally to 2900 - 3000....BWTHDIK
Thanks again for the heads up |
