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


To: JC Jaros who wrote (26746)1/25/2000 12:40:00 PM
From: QwikSand  Read Replies (1) | Respond to of 64865
 
I always agree with you about EVERYTHING, JC, but I think we might well be in for another multi-hundred-point down day on the DOW and I don't mind telling you I don't like it one bit.

--QS



To: JC Jaros who wrote (26746)1/25/2000 1:04:00 PM
From: johnd  Read Replies (1) | Respond to of 64865
 
JC, Just so that you don't think I am a flash in the pan on SUNW, would
like to let you know that I started investing in SUNW in 1988. And have
seen various growth, valuations, investor excitements on the stock. How
long have you been studying and investing in it?

There was a period of 4-5 yrs from 1988 to early 1994 where the stock
hardly moved and traded at 15 to 20 PE. Then as growth kept accelerating
the valuations kept accelerating even faster. From early 94 to now in
the 6 years the stock has gone up from 5 to 80, where it is today or
about 16x while the companies profits have gone up about 3x.

I am not saying it can't go up. Wall street may bid it up into even higher
valuations. But all I can tell is that it looks pretty giddy looking
down from where it is right now. Same for most of NASDAQ stocks.