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

To: hdl who wrote (53502)	3/20/2003 2:53:39 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

Why not? Charles Tutt (SM)

To: hdl who wrote (53502)	3/21/2003 12:47:47 PM
From: im a survivor	Respond to of 64865

<<y is sunw up last 10 days? >> Who knows. Could be simply that the markets have done well, and SUNW is a "big name", and maybe folks looked at sunw at $3 and thought it was a great buy. I must admitt, I considered buying some about $3, and am still thinking of it. Bottom line is I have a little sunw, I held from higher prices. I looked at $3 and figured I could buy some and bring my avergae cost down considerably, giving me a more realistc chance of getting out with a profit. But frankly I am concerned about their very large float and valuation. This sucker goes up .25 and valuation skyrockets. I kind of wonder how sunw justifies it's current valuation, let alone it's valuation if she runs to $10 or more. But, alot of people dont even look at valuation. They just know they have "always wanted such and such stock", and they see it is $3 a share, after being $90 a share, and they just buy. So SUNW could run on that aspect alone. People know sunw, think of it is a money making big boy, see it at $3 and buy the heck out of it. They dont look at the bottom line and see how high the valuation is, how large the float is, and that they are not making a profit ( they're not, are they? )....they just see sunw is $3 and they always wanted to own it but couldnt afford it at $50+ a share. Anyway, I kind of want to buy some, not much, simply because I still have a little and would like to get out even, and that aint going to happen unless I lower my cost basis, but again, that valuation scares me, and the prospects of a possible reverse split scare me as well. Not saying they will have one, but what are they going to do about that huge float? Anyway, I really dont know what do with sunw. It could run simply because the markets do, and it is sunw. But it could flounder and have a hard future, so I dont know whether to add a little while it in the $3's, or stay away.......opinions? Add, or stay away?? TIA