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

To: Alok Sinha who wrote (8033)	3/5/1998 5:54:00 PM
From: 2brasil	Read Replies (2) \| Respond to of 64865

SUN'S Java station to set the stage. zdnet.com

To: Alok Sinha who wrote (8033)	3/5/1998 6:02:00 PM
From: uu	Read Replies (2) \| Respond to of 64865

Alok: > Contary to Addi, I don't consider sell-offs "idiotic" (whether they occur due to Asia or Intel), and do not have the ability to predict the timing of "once in a century bargains". But I do believe that "those who are not in the market due to the fear that it will go down, in the long run, do much worse than investors who stick with ups and downs." I agree with you 100%! However, please allow me to explain something. In my opinion any sell off that is based on temporary weak conditions of a sector and/or a company and is done to the extend that underminds the true valuation and guaranteed success of the company in the long run is absolutely idiotic! When a stock such as INTC, or SUNW, or MSFT drops by 20% in a matter of days (if not hours) strictly based on an announcement of a shortfall for the current quarters earnings and/or some so called analysts word of mouth, it is absolutely comical! And add to that an additional 10-20% more drop due to big guys (as well as little guys) marginable accounts, and I do not know what to call the sell off but idiotic! Now as far as predicting and timing the market, I for one have absolutely no crystal ball or a jeany who can tell me when these things would happen! However after being in the market for a long time I have come to learn to try to have sensible and a logical attitude toward my investment! I have always had a long term investment strategy and it takes a lot for me to convince myself to sell a stock. However having said that I have come to learn that it would be absolutely ridiculous to stick to this investment strategy if you see the obvious and can deduce some logic that what you have invested your money into is going to go down for sure big time (eventhough it is going to be very short lived)!! It was very difficult for me when I sold most of my SUNW shares (after almost 4 years of holding on to them) about 2 weeks ago along with most of my other holdings in other stocks. But I felt I would be a dummy if I did not do so! I had my reasons and logic (as I also posted here during the past 2 weeks) for doing so, and I felt why go through the pain of seeing my long term gains evaporate if I can hold on to them and buy the shares I was selling at much much discounted prices later! So you see, it is not a matter of predicting and timing the market, but rather being sensible and being fair to yourself to realize that the storm is coming and you just have to get prepared for it, rather than just standing there and saying: "Well the storm is coming but it will go away and sun will shin upon me after the storm is gone!" Why not take a cover by the fire and watch a funny movie and let the storm come and go and then go outside and enjoy the sun shine again! In any event I used about 5% of my cash and bought some of the stocks I had sold earlier (but not SUNW yet). I am planning to be 100% invested in stocks again (and of course all in high techs) by the end of May and remain that way for at least another 2-3 years! Regards, Addi Jamshidi