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

To: JC Jaros who wrote (40131)	1/5/2001 8:00:14 PM
From: QwikSand	Read Replies (4) \| Respond to of 64865

SUNW has been the baby thrown out with the bathwater many many times in the past. What's different about this time? Many many times in the past the asset value of your SUNW shares has gone down 50-55% in a few weeks and stayed there with no particular prospects of full recovery for perhaps a year or more? Could you show me those charts please? What's different about this time is that we're no longer in a tech bubble, no longer in an unbroken ten-year bull market, and quite likely in a recession. The afterburners are gone. Sun is a great company, with great management and great (but old) products. They outclass their competition. But the conditions that created your 10x are no longer in effect. SUNW will outperform its competition and outperform utilities. But it's in a competitive business with a lot of risk factors. If you're arguing against diversification and saying that SUNW, which has just dropped over 50% in value, is the only thing one should think about investing in, then I obsequiously but boisterously disagree with you. I will post a mea culpa admission that I was wrong, and that everybody should stay heavily concentrated in SUNW as soon as it reaches $64. You won't even have to remind me. I answered your other questions. I said I had cash and bonds and boring equities. Yes, I was talking about SUNW, and high-beta stocks, and Nasdaq stocks, and all stocks, as things where one doesn't need to keep all one's money. --QS