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

To: uu who wrote (7851)	2/20/1998 3:20:00 PM
From: Carl Wysocki	Respond to of 64865

Addi, as you've clearly learned, you really have to be in this for the long term to make any appreciable money. Until 1995, only the traders made any money in Sun as it consistently traded in the 18-40 range, pre split. Even after the big pop in 1995, the stock essentially slept through 1996, although it was a very fitful sleep. I was a long suffering shareholder from 1987-1994, but I was invested for the long haul and it's certainly paid off. I also sold off half my holdings last fall, but that was just to eliminate my margin debt and to allow me to sleep at night. I'm figuring the rest of my holdings should return a decent 20-25% for many years to come, even if Java goes nowhere. BTW, if you did indeed have a significant position, you will be shocked when you do your 1998 taxes-itemized deduction and personal exemption phase outs as well as AMT implications of your "fat cat abusive tax shelters" aka state income tax. Carl

To: uu who wrote (7851)	2/20/1998 5:14:00 PM
From: porcupine --''''>	Respond to of 64865

Addi: Thank you for posting your truly courageous and excellent "confession of a day trader". I took the liberty of forwarding it to a mailing list I moderate, with the following intro: > in porx opinion, fwiw, the SEC should require that every investor who > opens a brokerage account should read and sign a > statement extracted from the relevant portion of the following: > > <http://www4.techstocks.com/~wsapi/investor/reply-3487229> Good luck --''''>