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


To: David Walton who wrote (5179)10/28/1997 11:41:00 AM
From: Charles Tutt  Read Replies (1) | Respond to of 64865
 
I'm sorry to say that the possibility of a margin call if the slide continued caused me to sell about 20% of my SUNW today at 34 1/2. (That's close to breakeven for me on the shares I sold.) Now, even if this turns out to be a sucker's rally, and SUNW drops to zero (!), I'll still be able to hold onto the rest of my shares. It's probably the wrong decision, as usual, but I decided I just didn't want to carry the risk. If I hadn't bought quite a few shares in the high 40's just a few weeks ago the move would have been unnecessary. C'est la vie.

JMHO. Not intended as investment advice.