t. ... very well expressed ... in the last few weeks, I have come back to personally believing that Sun has a bright future and decided to own Sun stock again as a long term investment ...
... however, as my wife and I have 90% of our investment capital in IRAs, and even more importantly, because I believe we are not yet close to the end of this very significant bear market long term trend, I will not be looking for our first new purchases of Sun quite yet ... I would rather wait until SUNW comes near its ultimate bottom or the bear market has proved to me that it is truly over before buying anything new for the long term ... maybe I will be wrong, and I will end up re-entering at, say, a price of 25 or 30 ... if that happens, I can live with that ...
... my belief that Sun is likely to fall back well below 10 again is no reflection of any negative opinion of Scotty and company on my part ... rather, it is my sense that we are in one of the great bear markets ever, and that this is another, and maybe not the last bear market rally in our relative short term future ... the present rally reminds me more of early 1930 (following the great 1929 crash), and that the biggest pain to equity holders has not yet occurred (in 2000 and 2001), but is straight and dead ahead ...
... since 'tech' has led us upward since late September, it is destined to lead us down as equity valuations - especially in technology - look more like the top of a bull than the bottom of a bear ...
... we shall see ..
Disclaimer: The above is my personal opinion. I am a full-time amateur investor and recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions.
Ken Wilson |
