Hi to you too, Cheryl - I hope you are well ... I bet you were not expecting this for an answer ... those of us who stay at home all day have to find something to do ... <g>
<<I don't understand the terms "securitization" and "loan syndication". Can you explain them?>>
I do not know what those terms mean either ... in fact, there are a number of terms that are used in the article that I do not clearly understand ... much like other macro stuff that I read by Stephen Roach and ContraryInvestor.com ... I get the "meat" of what they are saying though.
SUNW ... while I was hoping for a short term flip for a quick profit of $3,000 - $10,000, I will hold SUNW longer ... I may be wrong, but at long last, I do not think the downside risk with SUNW here is very significant ... the daily chart looks ready for a nice bounce.
Holding SUNW for more than a week or two is another issue for me ... I need to determine for myself whether or not I think their business model and strategy continues to make sense to me ... and I am not a technologist.
Whether or not SUNW really has a chance to get to 15 in the next 2-3 years is my big issue ... I am not going to hold it very long unless I am convinced it can be a big winner for me again ... the only other stocks I hold (and I have large positions in all of them) are ABMD, TNTX and VLNC - I am under water with all of them (especially ABMD), but I continue to hold them because their story continues to be compelling to me ... SUNW's story is no longer compelling to me ... PLEASE help convince me that I should hold SUNW long term again.
I printed out the entire two part interview with Rob Gingell that QwikSand posted here (I should say that I printed it with great difficulty - zdnet.com is not exactly user friendly), but I have only read part of it ... it seems to have some good stuff in it ... after I have read it, I will have a technical professor friend read it for me, and get his view.
<<What do you think about the computer equity markets if the bond & mortgage markets are in for a correction?>>
I do not think any equity market is very safe, nor will they be for a long time (minimum of 12-15 months is my guess) ... bonds are certainly not safe ... cash is the best place to be ... other than cash, I think 'story' stocks like I own might be OK, as long as the story comes true ... after I finish with this, I am going to rebalance my portfolio, which may mean reducing the size of my individual equity positions to raise more cash ... I am already short the US Dollar Index and S&P 500 through March 2003 by owning 'puts' ... and I will probably buy a chunk of a gold-mining company today or tomorrow ... owning gold itself through futures or calls does not do anything for me.
<<Will our capital markets bail us out?>>
... that is an excellent question ... and I think the answer is definitely NO - the problems are too big ... I believe we will soon have a huge financial crisis, and that the hedge funds and derivative markets might even collapse (as an example, JP Morgan could be in gigantic trouble as they are way over exposed to derivatives) ... can the US government even help in that situation? ... I doubt it.
I would like so start a real dialog here regarding (a) SUNW, (b) the economy and (c) economic macros.
The only way we can do that successfully will be by screening out or ignoring the extraneous and useless comments that will come from "cyberken", "Rm222" and maybe some others ... REMEMBER: people like "cyberken" and "Mike/twister/Rm222" offer little or nothing to us - they are not builders, they are destroyers and they will try to disrupt us - IGNORE THEIR STATIC.
I will PM you shortly.
Ken Wilson |
