you are very correct about ibm, t & sunw as the real low pe value stock to participate in longterm future of the internets.
following is from the newsletter:
Now for the real SHORT TERM: option investor recommends sunw options
SUNW had a very nice week, in spite of the Tech wreck on Friday. We are adding the stock for
this very reason. On Friday, SUNW closed near its high of the day, and lost only $.56. There
should be support, if needed, at the site of SUNW 10-dma and 50-dma at around $60. When two
moving averages consolidate, it usually is a strong support line. SUNW did achieve a double top
at about $66, so be aware of this resistance point. SUNW split in early April, and it seems the
post split depression is behind us. Watch for confirmation, but SUNW looks poised to gain
strongly with any help from the market.
Update
SUNW announced that they will unify their software divisions. The changes are necessary to help
the company strengthen its efforts in the software market as it moves away from being known only
as a midrange hardware vendor. No jobs are scheduled to be lost, but some employees might be
re-deployed. This just shows the marketing that SUNW is putting out, that it is an
Internet-software company, as much as it is a hardware supplier.
Action
Month
Strike
Symbol
Open
Interest
Closing
Price
Stop
Loss
Comments
BUY CALL
JUN-60
SUQ-FL
1541
7.50
5.75
ITM $4.63
BUY CALL
JUN-65
SUQ-FM
3690
4.75
3.50
BUY CALL
JUL-65*
SUQ-GM
5534
6.50
5.00
BUY CALL
JUL-70
SUQ-GN
11397
4.50
3. |
