Sonki, I do not think CNBC is pro-Microsoft or anti-Sun.
They tend to focus on the highest cap stocks, all other things being equal. As long as Sun goes up, I do not care if they ever mention Sun. The big money, fund managers and analysts are paying attention, you can be sure of that.
CNBC, San Jose Mercury News, The Wall Street Journal, Barrons etc. are all the same as CNBC. However, they all will publicize SUNW if it makes a 10% move, up or down, in an individual trading day. They can not ignore that.
You did not ask, but I would rather own Cisco Systems, which I do not at this point, than any other stock besides Sun. Neither Compaq, which has already admitted failure in their recent networking efforts, or Dell, which I believe is overdue to cool off for at least a couple of quarters, appeal to me right now. However, I am not a trader; if I already believed in them enough to own them, I would probably hold.
My efforts to time the market and to buy / sell Sun to protect my large position in 1998 (2 large sells and 2 large buys) cost me an extra $2 per share in average cost per share for my efforts. That did not bother me, but the fact that I reestablished my position on October 12, just before it took off, was more luck and good fortune than anything. I am going to have to think about that next time.
Ken
I forgot to mention: REMINDER, REMINDER "Scotty Boy" is on special one-hour edition of Wall Street Week on PBS this Friday, January 8. |
