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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: JC Jaros who wrote (25715)1/4/2000 7:47:00 PM
From: High-Tech East  Read Replies (2) | Respond to of 64865
 
Thanks, JC - good counsel.

I completely agree with you about bio-techs. They are tough to figure and are very high risk.

I think this one is special ... (1) I physically toured the company, met the CFO, and have read a lot about them, so I feel that I know a lot about them. (2) Their new product, the Abiomed/AbioCor total artificial heart will probably create a lot of shareholder value with the coming media and analyst coverage by itself (I think). (3) Whenever (or if) the FDA approves the AbioCor for clinical trials in humans, I think the stock price will quickly accelerate to a peak.

I plan to sell a large percentage at that point.

Once trials start, things could be very volatile, as I doubt that every transplant will be totally successful or trouble free.

My wife Jan and I are very excited about it from both a medical and financial view. Although, we could wipe out a large portion of our SUNW profits that we have invested there.

In terms of SUNW, I would not have sold it if I thought it would only drop 4 3/4 points. I don't know at what price I will start to rebuild a position. I do know that it feels strange to believe that SUNW will lead us to true wealth, and at the same time not own any right now.

Ken Wilson