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Technology Stocks : All About Sun Microsystems

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To: Sonki who wrote (8967)	4/9/1998 12:25:00 PM
From: Alok Sinha	Read Replies (1) of 64865

I wouldn't say it is too late with ASND. I got in in the high 20s last year and it went down all the way to 22. Unless and until they absolutely blow away the EPS estimates today, I see a slight pullback to high 30s before it takes of again. However, if they do have blow-out earnings (28 to 30 cents as some people on the ASND thread are posting, and certainly not out of the realm of the possible - though highly improbable), I think it will gap up to mid 40s at open on Monday. Based on recent analyts comments and contracts, I think this quarter will be strong. They may hold back a little to pad up future quarters, and provide slightly higher guidance in the CC. What does all this amount to? I would buy at about 40 and some puts at 37.5 for insurance. Any move below 37.5 should be used to cash in on the puts, as it will be temporary. Also to remember, ASND will always be specuatltion for take-over (just like BAY and NN). Are you still in Sun. Regards Alok

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