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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%Nov 14 9:30 AM EST

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To: t2 who wrote (24101)6/14/1999 10:17:00 AM
From: PMS Witch  Read Replies (1) of 74651
 
Sun's CEO McNeally's comments in the following would not give me any comfort if I was a Sun shareholder ...

For quite a long time now, many investors considered a long position in SUNW a cheaper hedge against their MSFT position than buying puts, with the same protection.

If MSFT's stock price will appreciate considerably from today's levels, conventional thinking would include the expectation of a deterioration in SUNW's stock price as well; hence, SUNW shareholders should be concerned, since, given the current environment and recent history, they are now exposed to elevated risk levels.

Cheers, PW.

P.S. Traders should profit from this.
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