Sun Still Available

I don’t want to hear back from you when SUNW is sitting at more than $5 a share that you should have bought when it was below $4. It’s moving around the $3.50 range — rather wildly, as usual — and you could easily set a limit order at $3.50 and pick up some shares.

What’s that you say? The news is grim? That’s right, and that’s when you buy. When would you rather buy? When the news is great and the stock is leaping 5% a day for two weeks? That’s how it goes with Sun.

By the way, I told you this was coming last July. Here’s an excerpt:

All this madness [of quickly-rising stock prices] is par for the course and a blessing, actually. It enables smart folks like you to chuckle and sell when the headlines are good, then chuckle and buy when the headlines are bad. When I bought Intel at $14.50, it was the end of the chip era — according to the news. When I bought Sun at $2.90, it was the end of the workstation. When I sold each, it was the beginning of an Intel chip upgrade cycle and a Sun Linux revolution.

I think soon we’ll be back to a hopeless future and tantalizing prices. And then we’ll buy.

As you can see from today’s headlines, the hopeless future has arrived.

Do what you must, but remember that I don’t want to hear any whining later when this stock has doubled. You have had and still appear to have plenty of time to get your orders in.

One more thing. The tech sector is pretty hot these days and a correction might be just around the corner. A nice side of owning Sun at these prices is that it’s moving contrary to the rest of its sector. The others have been up, Sun’s been down. There’s not much bad news left with Sun (I hope), so it might be the one that doesn’t have far to fall when the worm turns.

Enjoy the weekend.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • The Kelly Letter
    A Complete Investment Management System
    The Kelly Letter  every Sunday morning by email.
    Like no other. Many subscribers say this is the best read of their week, astonishing in its ability to distill seven days of noise into one succinct overview of the very few items that might matter. Start your Sundays right!
    A one-page Quick Start Guide
    with page number references to full information in The 3% Signal. You'll receive access to this right away so you can begin transforming your portfolio into a performance machine immediately.
    The 3Sig Calculator.
    A thing of beauty! You'll use it to generate your own personal signals every quarter including exact share amounts to buy and sell based on your account balances. It emails you the results to make later quarters easy by keeping last quarter's numbers at your fingertips. Some subscribers say this tool alone justifies their subscription price.
    The subscriber-only section of this website
    where likeminded investors are commenting on notes and discussing in forums. Jason joins these interactions every day. They're a treasure trove of investing tips and wisdom.
    The archive of Kelly Letter notes.
    It’s a research center, searchable and smartly tagged to make gathering time-stamped material on covered subjects easy.
    The subscriber podcast.
    Jason reads every letter word-for-word. This feature was requested by subscribers who prefer audio learning. They listen on their Monday morning commute, during a workout, or while reading along at their computer.

    Save 17%

    Pay as you go
    Or sign up to receive free email and learn more about the system.
Bestselling Financial Author