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

To: QwikSand who wrote (40155)	1/6/2001 9:09:33 AM
From: techtonicbull	Read Replies (1) \| Respond to of 64865

Some analysts dont think we will come out of this for 6 months interactive.wsj.com

To: QwikSand who wrote (40155)	1/6/2001 2:27:52 PM
From: JC Jaros	Read Replies (3) \| Respond to of 64865

Fair enough. As posted here, I recently margin purchased a number of shares @ $28 looking for a go-go 80's style easy money double in 6 months time, seeing a gift swoon of this equity I follow so closely, long term. But that's not my normal style, and I'd prefer to answer by saying that my target for SUNW is measured in time more than timing. I'm not a sophisticated investor spanning a whole range of financial instruments. I've pretty much chosen to splash around in US equities, and if I weren't in SUNW, I'd likely be in other equities, and likely be in a similar exposure to 'tech'. I'd also be adopting the sage advice of Graham or whomever it was who said, 'hold a stock until the fundamental reasons you bought it, change'. Fortunately, I bought SUNW and fortunately the reasons I bought it, haven't changed. Selling a company because it's stock went up, I don't understand anymore than buying a company because it's stock went up. My question for you would be, if in the past 2 years, SUNW merely slewed up 15% or so a year to where it trades today, would you have sold it? Was it because SUNW valuation spiked up and then went down that you sold it? I remember how Addi threw the second guessing of 'perceptions' on SUNW years ago and was dumped out of an equity he otherwise truly believed in. What I've learned is that the less second guessing you do, the better. In our zeal to be managers, we tend to over manage. I think that a big advantage we as individual investors have over the 'professional' guys is that we don't have to LOOK like we're managing anything. We have the luxury of being able to buy and hold, and hold, and hold, and hold. Trees don't grow to the sky, but trees grow. Sun is growing. Sun's in hypergrowth. I don't know of a better balance sheet on file with the SEC for a company it's size. I don't know of a company it's size with better prospects. Where is SUNW going to be in 6 months. I don't know, but I do know I'd rather be holding it than anything else. What's a company worth these days that sustains a 40% growth rate, and continues to grow market share through directly driving global productivity? I have a very hard time seeing SUNW under $50 in 6 months. In some ways, I have a hard time seeing SUNW under $50 in 6 weeks, but the thing I have the hardest time seeing is twister being right more often than the stopped clock he is. <g> -JCJ