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Technology Stocks : All About Sun Microsystems

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To: jeff armstrong who wrote (7850)	2/20/1998 2:20:00 PM
From: uu	Read Replies (2) of 64865

Hi Jeff: > Did you have more than 800% profit on sale of SUNW stock? Not quite 800% but not bad either! The ones I sold I had an average share price of about $9.88/shr (split adjusted). The ones I am left with I have an average share price of about $31.47/shr. Time certainly passes very quickly and sometimes in a blink of an eye! During these years I was told by a lot of people (including my dear ex- broker who is also a very good friend of mine) to trade rather than follow a buy and hold strategy. And I refused until a couple of months ago when I decided to experiement the trading approach (mainly due to high degree of volatility in the market). I cosed ELNK, TXN, and a few others. While I made somewhat of a not bad of a gain on being a trader, I decided to end that experiement very quickly! I found one fundamental lesson: Traders make pennies while investors make dollars! And I can go to the details of why this is the case but I think it is already understood by most. Regards, Addi Jamshidi

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