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Shameless "I made a killing on Sun Micro" thread

Fritzo

Fritzo

Lifer
Bought 752 shares a while back at $2.90, IBM gives a buyout rumor today, shares in Sun shot to $8.25. Sold those puppies at $8.19!

Woohoo! Free Disneyworld this year! 😀

I hate bragging, but I just had to tell someone this. Going to spring it on the wife tonight.
 
Originally posted by: nickbits
nice work. what made you buy the stock in the first place?
Click to expand...

Sun = Java, and Java is used everywhere, so I knew they weren't going anywhere despite how cheap they got. Either they would buy themselves out, or someone would buy them, which = win for shareholders.

Akamai is another example of this, but I'm holding on them. They were down around 9.00 some time back, but they're the background of the Internet. They're at 18+ today, and I think they're going to keep gaining.
 
good gamble... how much of that $4k do you keep after tax though?

And with good gambles like this there are bad gambles. I dont' want to hear about no loss as long as you haven't sold yet. I think my mom still has Qualcomm at some ridiculous price back in 2000. But she hasn't sold! :roll: Anyway, enjoy the newfound cash.
 
Originally posted by: rh71
good gamble... how much of that $4k do you keep after tax though?

And with good gambles like this there are bad gambles. I dont' want to hear about no loss as long as you haven't sold yet. I think my mom still has Qualcomm at some ridiculous price back in 2000. But she hasn't sold! :roll: Anyway, enjoy the newfound cash.
Click to expand...

I think it works out to about 75% after cap gains. I have a lot of deductions though, so I have about $1300 in "free taxes" I can play with.

My latest gut feeling is with Chinese solar companies. Keep an eye on companies like Suntech and YingLi.
 
Nice! I wish I would have both a few thousand shares myself when it was at the $2 mark.

EDIT: Whoops, this was meant for the AMD thread.
 
Why Disney World? Epcott is awesome but mad expensive. The only reasonable deal are those Smoked Turkey Legs. Mmm.. turkey legs.
 
When did you start watching Akamai? Did you get in on their recent $50-60 high? I think that was like a year ago, maybe? They've been a big fave of mine for years, for precisely the reason you said -- backbone of the internet. Everyone uses them. And even if their service becomes marginalized, their infrastructure is a big part of their value, making them a clear pick for some larger company to gobble up.

Unfortunately for me, I first bought Akamai back in 2001/2. If you check their charts, you'd see why I regret that mistake... :/ It's been nice since then, though.

As for Sun -- how do you feel about the proposed takeover? Personally, it seems like an odd time for Sun to even consider being bought out. I mean, they just survived years of dearth and finally have a product (amber road, open storage, zfs, etc) that's a huge hit. Why would they want to sell themselves off for bargain basement prices when they've got so much fresh potential?
 
Originally posted by: Fritzo
Originally posted by: nickbits
nice work. what made you buy the stock in the first place?
Click to expand...

Sun = Java, and Java is used everywhere, so I knew they weren't going anywhere despite how cheap they got. Either they would buy themselves out, or someone would buy them, which = win for shareholders.
Click to expand...

This! 🙂

Snagged 100 shares at $3.00 back in December & sold them this morning. Pity I had tied up most of my stock cash in AMD when it went below $2.00 in late November. I hope IBM buys them out, too, haha.
 
Originally posted by: Gigantopithecus
Originally posted by: Fritzo
Originally posted by: nickbits
nice work. what made you buy the stock in the first place?
Click to expand...

Sun = Java, and Java is used everywhere, so I knew they weren't going anywhere despite how cheap they got. Either they would buy themselves out, or someone would buy them, which = win for shareholders.
Click to expand...

This! 🙂

Snagged 100 shares at $3.00 back in December & sold them this morning. Pity I had tied up most of my stock cash in AMD when it went below $2.00 in late November. I hope IBM buys them out, too, haha.
Click to expand...

Rats---should have held it. IBM is going to offer $10-$11/share 🙁
 
Originally posted by: PaperclipGod
When did you start watching Akamai? Did you get in on their recent $50-60 high? I think that was like a year ago, maybe? They've been a big fave of mine for years, for precisely the reason you said -- backbone of the internet. Everyone uses them. And even if their service becomes marginalized, their infrastructure is a big part of their value, making them a clear pick for some larger company to gobble up.

Unfortunately for me, I first bought Akamai back in 2001/2. If you check their charts, you'd see why I regret that mistake... :/ It's been nice since then, though.

As for Sun -- how do you feel about the proposed takeover? Personally, it seems like an odd time for Sun to even consider being bought out. I mean, they just survived years of dearth and finally have a product (amber road, open storage, zfs, etc) that's a huge hit. Why would they want to sell themselves off for bargain basement prices when they've got so much fresh potential?
Click to expand...

Sun's management is all screwed up. They don't know how to market themselves, but they have all these great products to sell. Their storage and web apps are right up IBM's alley. It's a good marraige and a smart move for IBM.
 
Originally posted by: Fritzo
Originally posted by: PaperclipGod
When did you start watching Akamai? Did you get in on their recent $50-60 high? I think that was like a year ago, maybe? They've been a big fave of mine for years, for precisely the reason you said -- backbone of the internet. Everyone uses them. And even if their service becomes marginalized, their infrastructure is a big part of their value, making them a clear pick for some larger company to gobble up.

Unfortunately for me, I first bought Akamai back in 2001/2. If you check their charts, you'd see why I regret that mistake... :/ It's been nice since then, though.

As for Sun -- how do you feel about the proposed takeover? Personally, it seems like an odd time for Sun to even consider being bought out. I mean, they just survived years of dearth and finally have a product (amber road, open storage, zfs, etc) that's a huge hit. Why would they want to sell themselves off for bargain basement prices when they've got so much fresh potential?
Click to expand...

Sun's management is all screwed up. They don't know how to market themselves, but they have all these great products to sell. Their storage and web apps are right up IBM's alley. It's a good marraige and a smart move for IBM.
Click to expand...

IBM probably started looking at this deal after HP bought EDS.

It sucks to work for EDS now with the recent pay cuts.


 
Originally posted by: Fritzo
Originally posted by: rh71
good gamble... how much of that $4k do you keep after tax though?

And with good gambles like this there are bad gambles. I dont' want to hear about no loss as long as you haven't sold yet. I think my mom still has Qualcomm at some ridiculous price back in 2000. But she hasn't sold! :roll: Anyway, enjoy the newfound cash.
Click to expand...

I think it works out to about 75% after cap gains. I have a lot of deductions though, so I have about $1300 in "free taxes" I can play with.

My latest gut feeling is with Chinese solar companies. Keep an eye on companies like Suntech and YingLi.
Click to expand...

And hopefully you all took my advice on Suntech last week:

Suntech skyrockets

I think I'm going to hold onto it another day because I see it getting to the 12's. If you bought in at 7 it's a nice takehome 🙂
 
I personally don't get excited until my returns are in the 5 figure range. I'm already up over $14k the last 6 weeks on a couple energy stocks I purchased in Feb. $5k is not a killing. $50k is a killing though.
 
Originally posted by: Fritzo
Akamai is another example of this, but I'm holding on them. They were down around 9.00 some time back, but they're the background of the Internet. They're at 18+ today, and I think they're going to keep gaining.
Click to expand...

LVLT too. Cheaper and might be a better play once it recovers (they service Google/Youtube)
 
Originally posted by: Rudee
I personally don't get excited until my returns are in the 5 figure range. I'm already up over $14k the last 6 weeks on a couple energy stocks I purchased in Feb. $5k is not a killing. $50k is a killing though.
Click to expand...

epeen++
 
Anyone know of any decent forums for good trading info? I'm new to the market and can't find anything worthwhile. The Google Finance boards seem like cesspools of shorters giving fake news and regular traders pumping every stock.
 
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