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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (20733)10/5/1999 3:02:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
Charles,
Should have bought some Oct 95 puts to preserve gains; I did buy 15 contracts but not at the lows of the day; also sold Oct 100 calls and Nov 105s.
I took a small loss on the Oct 95 covered calls that I wrote yesterday, but hopefully the put gains and Oct 100 calls will more than offset that. Uncle Al has introduced enough uncertainty about rate to keep the lid on high flyers for sometime. I do expect a spectacular report from SUN this quarter. They are doing the right things, and the stock should be 100+ before the split is effective.

Regards

Alok
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