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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (62501)1/4/2005 12:05:48 PM
From: sixty2nds   of 64865
 
Hello Charles. I was looking at an intraday chart. There was NO bounce after the gap down. I did not like the way price would not rise above $6.15. No bounce. Later SUNW got stuck at $6.11, I bailed out, protecting the profit. I try to stay close to this - Once ahead 10% never give back more than 2/3 of the profit. At 20% hang on to at least 1/2 the profit. At 50% don't give back more than 1/3. NEVER let a winner turn loser. It will be interesting to see if those insiders who bought a few months back still hold. I haven't checked yahoo finance since I posted their buy. It'll be more interesting to see if any other insiders buy on this slide.
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