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

To: Mark The Trader who wrote (42262)	3/22/2001 2:32:39 AM
From: uu	Respond to of 64865

Hi Mark, Good to hear from you. Yes I know what you mean when you say how low stocks can go. Who would have thought JDSU at $21-$22, or CSCo at $19 a year ago, or NT at $15-$16! I have a strong feeling CSCO's and SUNWs of the market still have a lot to go down within the next 2 weeks. I sincerely hope I am wrong though but something is telling me I maybe right! As for LSI it sure is standing up like a real soldier still at around $16-$19/shr (down from $90/shr it set 12 months and 4 days ago!! But I think it could also test the $10-$12/shr range sometime within the next month or so after the earnings. At $10-$12/shr it will be $20-$24/shr pre-split, which would make the stock almost the same as it was in 1998 during the Asian crisis. One thing I have learned of all these, the theory of buy and hold for the long term is not the same as once it meant to be! It may still work with Warren Buffet type of stocks (the Coca Cola and Pepsi Colas, Gilletes and Chevrons of the world), but definitely it does not work with the tech stocks. One has to buy, set a target price and sell once that target price is reached with absolutely no hesitation or second thought. No greed should be involved, and definitely no falling in love with any stock! As painful as things are now, and based on what life is all about, this shall pass too and time will be the healer of all pains! Regards,