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Technology Stocks : All About Sun Microsystems

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To: High-Tech East who wrote (14958)3/26/1999 6:35:00 PM
From: charliex  Read Replies (5) of 64865
 
*****MAKE $$$ AND GET OUT*****
It is very fascinating reading this thread. SUN is one of my favourite companies, not because it has made me a lot of money, but it enjoys a very strategically competitive position in a booming industry.

HOWEVER,I do feel that for investors on the short-term, this might not be a good stock to be in. Very simple logic,

SUNW P/E ratio has gone from 25X to 50X in the last four months

ask yourself realistically,
did their market size double? Answer NO
did their margins improve? Answer NO
does it face competitive pressures inherent in the computer industry?
Answer YES
If you made money, should you dump Answer, probably, if you want to make some fat profits and get back in at a cheaper price.

anyways, have a good weekend, and good luck investing.

cheers

p.s. stock WILL hit $95 in the next three weeks!!
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