Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Charles Tutt who wrote (15564)	4/19/1999 4:18:00 PM
From: Steve Dietrich	Respond to of 64865

I think the stock market is broken: It says i've been losing money lately? Haven't we seen enough of these tech-wrecks to know not to panic? Steve

To: Charles Tutt who wrote (15564)	4/19/1999 4:18:00 PM
From: Mephisto	Read Replies (1) \| Respond to of 64865

The bloodbaths just seem to happen. Investors become optimistic and buy on margin. When the market drops, it drops even harder when those on margin have to buy their shares or lose their money. Is that how it works? I've never bought on margin. Well, if the Nas drops to zero, then it HAS TO GO UP, does it not? I would just sit tight and not worry too much. I think, like you, that this is an over-reaction. Mephisto

To: Charles Tutt who wrote (15564)	4/19/1999 4:35:00 PM
From: Lymond	Read Replies (1) \| Respond to of 64865

...today's bloodbath is unjustified. Any more unjustified than the exponential climb to the 70-area peak, at which point SUNW was up 64% from year-end and 250%(!)from the October trough? Funny how very few longs ever classified the crazy ramp-up in these stocks as "unjustified". SUNW's a great company; I'm long it, and will likely add to my position in coming weeks. But given the still-lofty valuations of everyone's favorite growth stocks, I'm in no hurry. This wash-out looks like it has more room to run. Good luck, John