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: Sueponine who wrote (39429)	12/18/2000 4:07:34 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

Sueponine: If your 25 companies are quality companies with growing earnings you'll be ok in the long run. SUNW and CSCO are such companies. This is turning out to be the worst stock market year in decades, and there was a technology bubble that had to burst. The bears are now on a "Great Crash" kick, as they have been for a long time, but in fact nobody knows what's going to happen. What's unlikely is that the 170-year history of quality stocks being the best investment you can make over the long term is going to suddenly end. Nobody's having fun now except the bears, who had their share of pain (and missed wealth) for 10 years. Hang in there, we're all going through the same thing. Ignore the people who claim they know better. Nobody knows nothin'. --QS

To: Sueponine who wrote (39429)	12/18/2000 5:36:32 PM
From: rudedog	Read Replies (1) \| Respond to of 64865

Sueponine - This too shall pass, and as long as you don't have margin or option pressure, time will restore your position. Still, a few of us were suggesting that a prudent investor might take some SUNW profits off the table. On November 5, Yaacov posted Message 14730839 Some of his advice in that post: We have to be realistic, to take profit when we can, and then fight another day. ... I believe if you have 100 SUNW with 10 to 30% percent profit built-in, then you owe it to yourself to sell 50% and take profit, and keep the other 50% for a long investment. You can always buy back what you have sold when the stock corrects. All the stocks correct, nothing grows forever. Looking back, that was pretty good advice - SUNW was around 58 (adjusted) when he posted. Yaacov of course took a huge round of buckshot for that from the faithful in the "Church of SUNW". I added my 2 cents worth in Message 14731891 where I said Greed is the enemy of long term investing. Another maxim - no one ever went broke taking a profit. I was not posting to bust anyone's chops. Go back and read some of the posts in response to what Yaacov and I were saying, and see if maybe anyone else was lulled into a false sense of security, when protecting assets might have been a wiser course. Good luck and remain calm. You may have missed an opportunity to make some money but a diversified portfolio will surely come back...