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Technology Stocks : All About Sun Microsystems
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To: LakesideTrader who wrote (5213)10/29/1997 4:55:00 PM
From: uu  Read Replies (1) of 64865
 
Zeeshan:

> I am down so much now it really hurts. This is too depressing.

I know exactly what you mean. And I am not talking about just SUNW, my portfolio as a whole has gone down by as much as 25% since just last week, and in fact another 10% drop (which can easily happen with the current market in a matter of couple of hours) and I will be showing loss for the entire year!! But take my word, this is a very short lived situation. As long as you are not buying on margin, dont let the momentary decline bother you. In the 12-13 years I have been investing in the equities if I have not learned anything, the one thing I've learned is that: Fear is short lived while greed lasts much much longer! Take advantage of fear in order to gain from the greed later!

As for SUNW, nothing has changed since the time the stock was in the $53 range only a few short weeks ago. you can mark this post and come back to it next February/March (about 6 months from now) and I promise you would say to yourself: "Gee... I wished I had more money to buy more of SUNW shares when it was in the 30's or $40's' or perhaps low 50's for that matter".

For now just think of the money you have invested in SUNW as having been deposited in a 6 month CD that you can not touch (or else you end up paying penalty for it)! Come back in 6 months and then after seeing SUNW in the mid to high 50's-low 60's, decide how you would like to characterize your current deepression over the price of SUNW at this time!

Regards,

Addi Jamshidi
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