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


To: Dennis who wrote (12406)12/6/1998 9:27:00 PM
From: FastC6  Read Replies (1) | Respond to of 64865
 
<<any thoughts as to what might happen this week??>>

It will be up and down at least twice.

' '



To: Dennis who wrote (12406)12/6/1998 10:07:00 PM
From: micromike  Read Replies (3) | Respond to of 64865
 
Check this site out if you plan on keeping your share till 6/1999 or 6/2000. It's a MSN site but I guess it doesn't discriminate with a price of $106 in June 1999. :-)

investor.msn.com

Mike



To: Dennis who wrote (12406)12/6/1998 10:47:00 PM
From: The Ox  Read Replies (1) | Respond to of 64865
 
Dennis, are you a trader? The reason I ask is I purchased SUNW back at 29, sold 1/2 at 46 and recently sold 1/4 of that position at 75. The last 1/4 is 'free' money, pure profit, and I will probably let it ride for the long haul. Even though I trade other stocks, I've only short term traded SUNW once, for a nice profit during this latest run. Short term thinking is so dramatically different then long/position trading that I have chosen not to short term trade SUNW at this time. I haven't watched the short term action enough to get a sense of how it moves.

I personally won't be buying more SUNW at this level since I already have a long stake and I rarely buy into companies that have gone up 100% in a few months (I believe I've only done that once). This is not a knock on SUNW by any means. I think they are a terrific company and will probably be a terrific long term investment. I tend to be conservative with my investment profits and I like to reduce risk once my capital has appreciated significantly.

For the longest time I thought that SUNW was under valued and I think it's about time that Wall St wake up and realize what's happening with this fine company. I continue to be long term bullish on SUNW but would also state that I would be very cautious short term if I were trading SUNW.

So, it really depends on your investment/trading time frame. If you are a trader, then I would carefully watch the 5/15/30 minute charts for signals. I haven't done short term TA on SUNW but we have seen serious volume associated with the latest run up which is usually very positive.

Best of luck,
Michael