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Technology Stocks : All About Sun Microsystems
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To: Sueponine who wrote (12256)12/1/1998 7:29:00 PM
From: uu  Read Replies (1) of 64865
 
Sueponine:

> I've got 13 stocks and 8 mutual funds. Just tell me that it's OK to say "no" about selling shares in SUNW.

I personally will not sell any shares of SUNW at any cost. I did that once about 6 months ago when I sold most of my 4 year old SUNW shares and ended up regreting that very much, before I ended up buying most of those shares back again a few weeks ago! But thats me.

Having said that I would like to state the following:

I dont know about you, but have you noticed something strange with this market lately?! Have you all been following these internet stocks? It seems any company that comes up with a .com at the end, its stock will shoot for the sky the next day!!

For example look at GLCCF. This stock was trading at $0.47/shr just a few weeks ago. Today it closed at $25/shr!! Also check out the following: DCLK EBIZ ELNK GGNC GLCCF GLOW IFLY ITGR ITNG NM PPOD PSIX PTET SATH TTLN USAI WAVO YHOO

Do not take me wrong. Any one of above companies may in fact be valid, solid companies. After all I personally had somewhat a significant investments in few of them which I sold recently with very handsome profits (such as AMEN, PTET, PPOD), and continue to have significant investment in for example GGNC, and a few others. But I am investing in these purely based on speculation and based on the somewhat idiotic hype surrounding the internet. Other than that there is absolutely no reason to invest in these stocks, and yet an increasing number of people have started pouring their money into these stocks.

Now if one believes in history as repeating itself, one can very well conclude that the market may have reached its top (at this time anyway). The degree to which speculation exists in this market is beyond expression (just take a look at all these internet stocks). I personally am getting a bit worried (just a tiny little bit though and not too much). But this is definitely something one may consider when investing fully in the current market. The key word is extreme cautious.

Regards,

Addi Jamshidi
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