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

To: JDN who wrote (48166)	4/10/2002 1:43:08 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 64865

I remember buying IBM years ago for about 100 and riding it down to about 20 (as I recall, although those might be split adjusted prices). At that point I sold it all, waited 31 days so Uncle Sam could help absorb the loss, and bought back a multiple of the number of shares I previously had held. I then rode it back up to about 100 and sold. So, yes, these things are cyclical. Buy low, sell high, and all that. I also remember buying SUNW around Christmas of '96. It seemed like the more I bought, the lower it went, on no particular news as far as I could tell. Eventually, I had almost my entire portfolio in SUNW. That was at a split adjusted price about half of what it is today, and we all know where it has been in the interim. Even without those interim prices, a double in 5 1/2 years is probably about as good (13% +/- by my calculation) as one could have done in bonds. FWIW, today has that same "feel" to me. And you're right -- if technology in this country dies, we're in deep trouble. JMHO. Charles Tutt (SM)