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

To: JDN who wrote (51665)	9/17/2002 7:48:34 AM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

... just bought 10,000s SUNW @ 3.19 in pre-market here ... Ken

To: JDN who wrote (51665)	9/17/2002 9:45:04 AM
From: High-Tech East	Respond to of 64865

John - I do not follow Sun nearly as closely now as I did when I held a bunch of it from 1997 into early 2000, but I have not missed any posts here in the last 2 3/4 years. As you may recall, I predicted that Sun might get as low as 5.00 pretty early on (and later reduced that to 3.00), which was a "pure-out-of-the-sky" guess on my part. The reality of those numbers being recorded in actuality has nothing to do with me, but I am completely astonished with the reality (and very thankful that some instinct or guess caused me to sell when I did). I do not agree with Mike/twister/Rm222 that Sun is toast, although the company pretty obviously has some serious business model and operation issues before it. But, to me, less than 3.00 is way overdone (much as 64 was in September, 2000). In my mind, there must be a way to make some money in the short term here on this stock. A few facts ... ... As of the close yesterday, SUNW is down 95.4% since 09/01/00 ... down 76.1% since 12/31/01 ... and incredibly, down 33.3% since 08/26/02 which is only 14 trading days ago .. I do not know how long I will hold the 10,000s I bought this morning ... I may sell it in 20 minutes, but in talking with my friends who owned SUNW for many years, and now do not own any, I would say the consensus among them is that there is money to be made here. As the bear market continues, and even worsens (which is my view), SUNW may get to 2.50 and even 2.00 at some point, but I do not believe that SUNW is dead, and that it will likely reach 15.00 or higher in the next 5 years ... and that would be a nice profit from where we are now. I am underwater at the open from my pre-market purchase of 10,000s at 3.19, but I strongly believe this stock is due for a good bounce ... we will see. Ken Wilson