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Technology Stocks : All About Sun Microsystems

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To: Kal who wrote (8018)3/4/1998 7:26:00 PM
From: uu  Read Replies (4) of 64865
 
Kal,

Tomorrow will be a bad day for the overall market and especially high techs. In my humble opinion if you are in a buying mood (like I am) dont jump in yet, but start buying little starting tomorrow. The sell off will (as always) be overdone eventually, and very idiotic and this time it will be even more idiotic and caotic mainly because of the degree to which little guys as well as the big guys are in margin (i.e. they will have to sell reluctantly and have no choice)!

I sold all my HP shares today and I wished I had sold more of my TXN also, but oh well... As of today I am now almost 50% cash and 50% in stocks. I am planning to buy SUNW aggressively again in the $36-$38 range, along with others. From now till end of May it will be the last time we will see the great buying opportunities of the 20th century.

And of course as always just my humble opinion.

Regards,

Addi Jamshidi
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