Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Haim R. Branisteanu who wrote (27268)	2/5/2000 4:37:00 PM
From: High-Tech East	Read Replies (2) \| Respond to of 64865

<<I also sold it in two lots at present prices. What will be your target to get in again?>> Haim, I really do not know. Right now, I am thinking (a) after the Nasdaq Composite corrects 20-30% from it's new high yesterday, which, I know must seem laughable to many here, (b) when it hits an interday low again in the low 60's, which it did previously in after-hours trading on January 6 (one of my buys that evening was at 63), and (c) seriously consider buying if it gets up to the high 90s. Last night, I read the new "Business Week" cover stories about "The Boom." My conclusion (based on all the things I have read in the last two weeks or so): with the FMOC likely to tighten another .25 every meeting through probably late summer (even in an election year), they could easily miss a "soft-landing" for the economy and put us into the beginnings of a recession by late this year. I know most will totally discount this, but I have turned cautious about the market (and the economy). The only stock I own is very high risk, but I am betting it will explode upwardly during this year based on publicity only (certainly not earnings), and whose valuation will be almost independent of general market conditions (my opinion). That being said, I am staying more than 50% in cash, and out of SUNW, until I am more comfortable with (a) where tech stocks are valued, and (b) what happens with the overall economy. SUNW is very likely to be a major holding for me long-term, but right now, I feel a lot safer in trying to time the market. If I was only looking at where SUNW's price is in 2005, say, I would never have sold any of it. Understand also that for 2 1/2 years, all of my financial assets were invested only in SUNW - so I have something of substance to protect these days. That's how I look at things in my unusual circumstances. Ken Wilson