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Technology Stocks : All About Sun Microsystems

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To: Bald Eagle who wrote (5654)11/16/1997 1:24:00 AM
From: Harry Ehrlich   of 64865
 
I just bought in at 33 7/16 and I'm very happy with the position. While I was examining the chart, Merrill came out with a reiteration of their near term accumulate. The chart showed a beautiful double bottom that retested the low of October 28. And Friday's volume was good. Sun got lots of publicity on the media Friday, as one of the stocks that was helping to move the market up.

In a previous post, I asked if Sun had a tendancy to move towards the the strike price where most of the options are clustered. The options are clustered around 40, which would indicate that Sun may move to 40 by Friday. Any thoughts?

Harry
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