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Technology Stocks : All About Sun Microsystems

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To: Haim R. Branisteanu who wrote (17407)	6/29/1999 3:03:00 PM
From: Alok Sinha	Read Replies (2) of 64865

If the reaction to the last three Fed meetings is any indication, I think there will be a broader market sell-off this week (but I am wrong more than half the time). I did sell a ton of out of the money covered calls today for August on most of my tech holdings (LU, CSCO, SUN, INTC). May prove to be a wrong move given the market strength lately. Also I covered a number of my naked put positions even though most were less tha a quarter to eliminate some risk. Sold some SUNW Aug 75 calls for 2.25 (covered) I have some 60 July puts on SUN which are fast losing value. Do you think I should bale out or hang on till the end of the week. Regards Alok

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