This is a familiar discussion, and one that we've had many times before on this thread. It takes basically the same form:
1) New short comes and says "Sun's dead, maybe not today but tomorrow
for sure, MS will eat their lunch, NT is hot, SUNW is overvalued,
I'm short. Just you watch."
2) We have this same discussion. I mean, exactly the same discussion.
3) New short says, "Just wait and see, time will prove me right, and
I'll be back to say 'I told you so."
4) Time passes.
5) Sun stock goes up. New short says "Just wait and see, time will
prove me right."
6) Sun stock goes up some more.
7) New short somehow disappears. Doesn't come back to say anything
(except in one case, the unusually brave and honest Twister)
8) Time passes. Another new short shows up. Go to 1.
Nobody believe Sun stock will go up forever. But, subtracting out general market calamities that equally effect Microsoft, now is not the time to short SUNW as an investment (i.e., except for day trades). Despite what our Kahuna buddies like to pretend, SUNW is NOT DELL. Dell is a screwdriver outfit that lives off whirling-dervish inventory turns. SUNW is a leading-edge innovator and the builder of unique computers.
So James, by which date, are you going to be proved right?
Regards,
--QwikSand |
