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Technology Stocks : All About Sun Microsystems
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To: E_K_S who wrote (41848)3/8/2001 9:23:51 PM
From: Charles Tutt  Read Replies (2) of 64865
 
I see a lot of yammering about cheap servers from dead dotcoms showing up on E-Bay. So I went to E-bay to see if I could pick up a bargain. No dice. There were maybe half a dozen recent vintage servers revealed by a search for "sun server." About what I would have expected a year ago when perceptions were very different.

I think there's an awful lot of BS floating around. If SUNW drops back to 18, I'm considering picking up a few thousand shares more. I'm kinda sorry I missed it a few days ago when it touched 18 (although I doubt anybody but a few market makers actually got that price. I was about to put in a buy when it turned up, and I said the hell with it and bought CMGI at 4 instead.). I've still got a fair amount of cash and tons of margin capacity. Once I pay my daughter's tuition and my income taxes, I don't have many responsibilities. The house and cars are paid for, and my wife still has a job which brings in enough for us to live on. Plus, the shares in my taxable account are mostly under water, so I don't expect to pay much income tax next year, even if I do decide to sell something. Bottom line is that I'm thinking long term.

But that's JMHO, and what's right for me might not be right for you. Even more so tonight, because I've been soaking up the beers for a while now. Screw Intel.

Charles Tutt (TM)
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