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

To: JC Jaros who wrote (37578)	11/11/2000 10:45:34 AM
From: rudedog	Read Replies (3) \| Respond to of 64865

JC - you are taking the SUNW zealot stand - that's OK, you are a SUNW zealot. I did not say you were greedy - only that greed is the enemy of the long term investor. And I am not using "grred" in the sense of one of the deadly sins - but meerly that gambler's impulse that keeps people hanging onto an investment after the juice is gone, looking for the former glory. Trying to buy at the absolute low, hang on for a higher high - all fine if you are married to a stock. My personal opinion is that anyone who has achieved their overall investment gains and wants to preserve capital should diversify. I'm not quite so conservative as to suggest putting the money into bonds or CDs, only limiting one's exposure to a particular segment or company. SUNW is not DELL - but the sentiment of many SUNW investors is DELL-like. My opinion about SUNW is that it had gotten a little ahead of itself in price and would range trade for a while, which is why I was taking the nearer term LEAPs off the table every time the stock approached 120. I sold off all of the 2002 LEAPs and half of the 2003 position with that strategy. Does it look like a stupid play now? Sure SUNW will go back up - but when will it make a big move above 120? Not any time soon, I'm afraid.