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Technology Stocks : All About Sun Microsystems

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To: Byron Xiao who wrote (8261)	3/12/1998 2:27:00 AM
From: uu	Read Replies (4) of 64865

Byron: > where is Addi? I just got back from a business trip from cold cold cold cold Madison Wisconsin! My ears are still red from the cold! And I can not believe I used to live in midwest (Minneapolis) for over 10 years before my move to Californis 10 years ago. No where - and let me be specific on this: absolutely no where - is like Silicon Valley, California (despite the scary earth quake)!! > CSCO, BAY, ASND. Which one would you buy? ASND will be my number one choice as I believe they will beat the estimates and will forcast a strong couple of next quarters. Netwroking stocks maybe the only high techs that may not be hit as much as the rest of the high techs in the sell off that I anticipate to take place sometime by the end of May. > I am just pissed that I followed Addi's direction to sell most of my stocks and get into 85% cash position now. With all due respect to you, I feel above is an absolute unfair statement. I do not recall forcing or even asking you to sell your stocks! I simply stated what I believed to be the case and what my strategy would be for the next couple of months based on my own belief of a dramatic sell off of high techs. So please do not blame it on me or for that matter anyone else. As I said for the past 6-7 years this is the first time ever that I have not been 100% in stocks, and believe me it is a very strange feeling. But fundamentals are simply not there to justify these extreme high valuations. > So Addi, if you are out there, tell us when will you get back in? Again this is just my humble opinion: I will not get back in the market until all earnings for Q1 are out and most likely not by the end of May. Menatime on any sell off if the high tech stocks hit the prices I want to buy them I will do so (e.g. in the case of SUNW at $33-$38). If Q1 earnings do come out OK (a very highly improbable - if not impossible - case) I will get back in the stocks again, and I do not mind paying more for them because at that time I feel much more comfortable with the fundamentals. But right now based on fundamentals there is no way I can convince myself to buy any high tech stock. Regards, Addi Jamshidi

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