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Technology Stocks : All About Sun Microsystems

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To: Dale J. who wrote (13367)1/13/1999 2:09:00 PM
From: Alex Chun  Read Replies (1) of 64865
 
Dale, your plan doesn't make sense to me. If SUNW is in an irrational, speculative bubble, the price could just go up and up and up for no good reason; there is no basis to believe that you will likely get "a better price than today."

Which is not to say that SUNW's price won't fluctuate. Of course it will. But you seem to be saying "SUNW is unpredictable, so when (not if) it goes below today's price, I'll cover" -- bizarre.

-Alex
JMHO, with a further serious suggestion that you cover. Screw this thread. Do what makes sense based on your own best analysis.

> Alex, My initial plan was based on the assumption of a rational
> market with rational investors. Now I have to rethink those
> assumptions. No, I didn't cover yet, I may not get 58, but I will
> get a better price than today.
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