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Technology Stocks : All About Sun Microsystems
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To: micromike who wrote (4480)10/9/1997 11:03:00 PM
From: uu   of 64865
 
Mike:

You state:
> Do you think it would be a good move to not buy untill after the
> earnings report.

Well... I just wrote a check to send to my broker for the latest batch of shares I bought this morning at $45.5, and have another order to buy if it goes down to $44. I was going to buy only when the stock goes down by 5% from the last time I bought, but in light of the latest law suit and looking at the valuations, to me, and this is just my humble opinion the stock is extremely cheap. With the latest purchases I have done at $46.5 and now at $45.5 and hopefully at $44 I have dramatially moved up my average share price from around $19 to somewhere around $29-$30, but I have never felt so good and so comfortable with an investment before. And I really dont care if in the short term the stock goes to even as low as $39, 6-8 months from now I know the current price of $45-$46 will look very very lowr! The risk/reward ratio to me at this time with SUNW is very very low and therefore I am adding now because when this stock starts to move up everyone wants a piece of it!

My view is, dont pay any attention to the WIntel, and the so called talking heads trying to down play the value of Sun. This company is simply too far ahead of everyone else not only in technology but most important of all in vision that nothing can stop its explosive rate of growth in the coming months and years.

Regards,

Addi Jamshidi
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