SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dennis who wrote (12406)12/6/1998 10:47:00 PM
From: The Ox  Read Replies (1) of 64865
 
Dennis, are you a trader? The reason I ask is I purchased SUNW back at 29, sold 1/2 at 46 and recently sold 1/4 of that position at 75. The last 1/4 is 'free' money, pure profit, and I will probably let it ride for the long haul. Even though I trade other stocks, I've only short term traded SUNW once, for a nice profit during this latest run. Short term thinking is so dramatically different then long/position trading that I have chosen not to short term trade SUNW at this time. I haven't watched the short term action enough to get a sense of how it moves.

I personally won't be buying more SUNW at this level since I already have a long stake and I rarely buy into companies that have gone up 100% in a few months (I believe I've only done that once). This is not a knock on SUNW by any means. I think they are a terrific company and will probably be a terrific long term investment. I tend to be conservative with my investment profits and I like to reduce risk once my capital has appreciated significantly.

For the longest time I thought that SUNW was under valued and I think it's about time that Wall St wake up and realize what's happening with this fine company. I continue to be long term bullish on SUNW but would also state that I would be very cautious short term if I were trading SUNW.

So, it really depends on your investment/trading time frame. If you are a trader, then I would carefully watch the 5/15/30 minute charts for signals. I haven't done short term TA on SUNW but we have seen serious volume associated with the latest run up which is usually very positive.

Best of luck,
Michael
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News