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Technology Stocks : All About Sun Microsystems

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To: Dennis who wrote (15330)4/9/1999 7:58:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
Once you take the attitude that any stock is an easy long (especialy after it has appreciated 350% in 6 months), you are asking for trouble. I don't recommend that you sell SUN or anything else - (just to set the record straight I did sell my SUN holdings to lock my gains, but do intend to buy back) - just be aware that stock prices of high tech cos. are highly correlated and a 10% or so correction in NASDAQ will probably knock of more than 10% of high fliers such as CSCO, INTC, SUNW, DELL, AOL, etc. (with zero change in fundamentals). Rather than be worried about SUN's fundamentals the question you should ask is - Is the NASDAQ too high, and is the risk reward in this sector skewed.

Alok
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