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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (50729)	7/27/2002 2:28:07 PM
From: im a survivor	Read Replies (5) of 64865

So, what do folks think of SUNW here in the $3's.....chance for recovery...no chance.....not for a long time....buy...sell....or hold...... I was one of the idiots that thought sunw was a great buy when it dropped to $20 and looked like it had found support....so I grabbed some.....then support broke and she hit 10ish....on another dip, I bought some at $7 - $8...she popped back up to 12 ish....I didnt sell, and still hold all my shares......Now, with sunw in the $3's, and the markets acting as they are.....I have to figure out if SUNW is worth holding as is for the long run and see what happens....buy more at this level and lower my cost basis and add to my shares, or cut loose and sell everything and take my loss and move on......I seem to be having the same dilema with jdsu....both great companies that got knocked down more then anybody expected....and are now at levels that decisions need to be made....do I average down...do I just sit tight with what I have and not add to either, or do I sell one or both and move on.......I really am torn....part of me see's these companies and thinks the share price is so cheap, how can you not buy at this level....the other part of me is looking at $2 and $3 stocks that could be .50 before long.....and I think we are going to start seeing some of these companies with huge floats....doing reverse splits...how does a $3 stock with BILLIONS of outstanding shares, actually plan to make a big move in share price? Valuation will sky rocket too quickly......so, are sunw and/or jdsu candidates for a reverse split...and what are people doing with sunw and jdsu ( I know this isnt jdsu thread...I just kind of group sunw and jdsu in the same category....gorillas that got shot and recovery is not certain )...buying, holding...selling...All opinions appreciated....

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