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Technology Stocks : All About Sun Microsystems
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To: Sonki who wrote (14605)3/3/1999 3:03:00 PM
From: Alok Sinha   of 64865
 
Sonki,
Sold some Mar 110 SUNW calls for 1 9/16 today (the premium was just too high to resist). Any guesses where SUNW may close on Options expiration. Ben - What does your model say.

Also sold ASND 80 covered calls at $2. The way the nervous rallies occur followed by unconvincing sell-offs indicate that we may a big sell-off one of these days to shake weak players out. However, international conditions are improving (Japan looks better), and the rise in bond yields does not appear sustainable (although I did call this leg down in the bond market). My changed outlook on bonds is probably being clouded by the fact that I am in the process of financing my new home.

Regards
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