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

To: techtonicbull who wrote (39329)	12/16/2000 2:54:33 PM
From: cfimx	Respond to of 64865

if i had a million $$ sunk into one of three grocery stores in town, and somebody came along and said, i think you may have a problem here, and let me tell you why, i'd buy him a starbucks and hear him out. I WOULDN"T spend 20 minutes trying to refute him point by point so I could FEEL better about owning my grocery store.

To: techtonicbull who wrote (39329)	12/16/2000 4:01:12 PM
From: Charles Tutt	Respond to of 64865

I'll admit that even I was scared out of some of my SUNW shares by the recent drop -- enough to clear my margin debt and even raise some cash. Although I thought I was selling at the bottom at the time, and was pretty distressed about doing so, it has dropped much lower than the price I got (in the mid 70's). I don't think I was hysterical; I was merely responding to the hysterics around me and deliberately adopting a more conservative, debt free position. But a side benefit is that I now have the luxury of cash on hand to buy back the shares I sold. I've started doing so, and have been trying to gauge sentiment to pick my prices. Even if I don't get back all the shares I sold, I still have the bulk of my holdings debt free (and, as the flip side, continue to be chagrined at their drop in value). I don't think the wash sale rule is much of an issue. I suspect a lot of the selling has been by institutions that simply don't care, or in IRA's that also don't care. If we do have a recession, I expect Sun to do better than most, but it's unlikely to escape totally unscathed. I've been saying for some time that interest rates are too high. Clear evidence of that is the strength of the dollar. Regardless of the facts, "the Street" is too dumb to differentiate Sun from the PC techs, so we'll probably continue to be clobbered every time Wintel takes a dive (and, alas, I expect that to be repeated many times). I remain cautiously optimistic for the long haul. I'm just barely smart enough to occasionally spot a MegaTrend, and have a dismal performance record trying to predict the shorter term, so long term must remain my investing horizon. All JMHO, and not investment advice. Charles Tutt (TM)