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

To: JDN who wrote (30429)	4/10/2000 2:40:00 PM
From: luther yow	Read Replies (1) \| Respond to of 64865

That's ok JDN, I just bought two more positions of sunw under 93, a steal in my opinion. We're looking at a TYC that market here and that was really profitable in the long run. Sunw is still a great stock. Luther

To: JDN who wrote (30429)	4/10/2000 6:45:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

JDN, Too many of us are focussed on daily fluctuations (however wild they may be) which has a domino effect. There are enough investors who have joined the bandwagon to quick riches at high prices (or are willing to do so on dips) that this volatility is bound to continue. Last week's sharp run-up following the drop was in some ways a validation of the buy on dip mentality. There are dips and then there are dips - Idon't think earnings, even for the largest tech names, have grown to the extent that would justify a NASDAQ index in the 4000+ range. In the long run (which is beyond 4 weeks in the current environment) sanity is bound to return with stocks trading at reasonable (closer to historical) multiples to earnings growth rates. That in my judgement implies a lower price for the largest tech names, and substantially lower prices for Internet stocks (B2b/B2C, etc). Also summer is typically a slow period for tech names and Uncle Al is not yet done with rates. Don't get me wrong - i am fully invested, 70% or so in techs/biotechs - remaining financials and retailers - with extreme downside risk protection thru puts and covered calls. Just think it is time to be cautious. Earnings will simply confirm what most of us are expecting. Regards Alok