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


To: Sueponine who wrote (12256)12/1/1998 7:17:00 PM
From: Mike Milde  Respond to of 64865
 
If your broker knew anything he'd be wealthy trading his own account, not advising others how to trade.

Do your research and make your own decisions. NO ONE is ever going to hand you a fortune. You have to work for it.

By the way, eight mutual funds is too many. Get rid of them all and go into an indexed fund. You are most likely indexing already and also paying high management fees. Your broker must be making a killing off you.

Mike



To: Sueponine who wrote (12256)12/1/1998 7:24:00 PM
From: Charles Tutt  Respond to of 64865
 
I use a discount broker because when I used a full-service broker the advice I got was generally awful. Nobody will take as good care of your money as you will.

Don't be depressed today, of all days -- look where SUNW closed!

JMHO.



To: Sueponine who wrote (12256)12/1/1998 7:29:00 PM
From: uu  Read Replies (1) | Respond to of 64865
 
Sueponine:

> I've got 13 stocks and 8 mutual funds. Just tell me that it's OK to say "no" about selling shares in SUNW.

I personally will not sell any shares of SUNW at any cost. I did that once about 6 months ago when I sold most of my 4 year old SUNW shares and ended up regreting that very much, before I ended up buying most of those shares back again a few weeks ago! But thats me.

Having said that I would like to state the following:

I dont know about you, but have you noticed something strange with this market lately?! Have you all been following these internet stocks? It seems any company that comes up with a .com at the end, its stock will shoot for the sky the next day!!

For example look at GLCCF. This stock was trading at $0.47/shr just a few weeks ago. Today it closed at $25/shr!! Also check out the following: DCLK EBIZ ELNK GGNC GLCCF GLOW IFLY ITGR ITNG NM PPOD PSIX PTET SATH TTLN USAI WAVO YHOO

Do not take me wrong. Any one of above companies may in fact be valid, solid companies. After all I personally had somewhat a significant investments in few of them which I sold recently with very handsome profits (such as AMEN, PTET, PPOD), and continue to have significant investment in for example GGNC, and a few others. But I am investing in these purely based on speculation and based on the somewhat idiotic hype surrounding the internet. Other than that there is absolutely no reason to invest in these stocks, and yet an increasing number of people have started pouring their money into these stocks.

Now if one believes in history as repeating itself, one can very well conclude that the market may have reached its top (at this time anyway). The degree to which speculation exists in this market is beyond expression (just take a look at all these internet stocks). I personally am getting a bit worried (just a tiny little bit though and not too much). But this is definitely something one may consider when investing fully in the current market. The key word is extreme cautious.

Regards,

Addi Jamshidi



To: Sueponine who wrote (12256)12/1/1998 9:01:00 PM
From: alan james geik  Read Replies (1) | Respond to of 64865
 
Sueponine.. I agree completely with Mike M. re: your broker and also the # of funds you have.
1. always do your own homework and don't be reluctant to follow your own instincts and conclusions.,,, it's your money.
2. just because a stock has increased 50% is not a reason to "peel off" some of them i.e. take profits. A stock can be a better buy when it is 50% higher than it was at your original purchase price .... with the passage if time better earnings and earnings prospects, new products etc make it a better investment.
3. One question you may ask yourself when contemplating selling a stock (not just SUNW) is would I buy it at the current price? If the answer is yes one should stop and think twice. Another question to ask is what will I invest in when I cash in... is it better than the current investment.
4, Re: funds I agree with Mike. not only are you paying 1-2% a year management fees but also a sizeable tax bit at the end of the year. Keep it simple!
5. Most important whatever I say or anyone else says do your own homework
End of sermon....
Best of luck to you in all of your decisions
Alan



To: Sueponine who wrote (12256)12/1/1998 10:37:00 PM
From: cheryl williamson  Read Replies (1) | Respond to of 64865
 
Fire your broker.