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

To: Stephen M. DeMoss who wrote (39308)	12/16/2000 11:24:42 AM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

Steve, I am not a bear out of long habit ... and from what I know, typically (but not always) what happens is that the declines in the overall markets have reached 'bottom' by the time the 'commercials' cumulative positions have returned to neutral. My bearishness dates back to last winter, and is based much more on the negative macro and micro economic conditions that exist in the U.S. and around the world than on the 'commercials' - they are just a piece of it. Note: I had an interesting phone conversation with a stock broker friend late yesterday (with whom I do not have an account). He is a sharp guy who has been at his profession for 20 years. He is telling his customers that we are at the 'bottom', and that now is the time to start buying great companies like SUNW. His view is that the FED will fix everything next Tuesday. He could be right, but I am not buying it. He is a friend, a professional and has 20 year of success behind him. I am an amateur with 4 years of success and only have myself and my wife to counsel. So what do I know? For some reason, I insist on coming to my own conclusions and making my own decisions ... and so far at least, it has worked. We will all see. Besides my three S&P 500 'puts', I own 500 shares of SUNW that I paid 113.75 for pre-split (which puts a small dent in my overall large gains in SUNW since 1997), have a large over-weighted position in ABMD and a bunch of cash. Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions. Ken Wilson