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Technology Stocks : All About Sun Microsystems

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To: jim kelley who wrote (24785)	12/15/1999 9:12:00 PM
From: fuzzymath	Read Replies (1) of 64865

To be up 60% on the down move, you've bought puts, I assume? What companies do you compare SUNW with? I basically consider SUNW unique. Still, unique doesn't justify outrageous ratios. I didn't find today's rally in the big indices impressive. Bonds tanked again, and the broad market treaded water. Take out Microsoft and Oracle, and you've got a second lousy day in a row. My guess (even my models agree!) is that you'll have another good day tomorrow. But surely, to be up 60% in two days -- you must sometimes be down 60% in two days too, right? But, of course, this isn't your only position. I understand your "selling is taking place at the bid price" comment. That makes it real easy. The spread goes to zero if you're short in such a situation. I did lots of that kind of trading with my utilities "scheme" after the '87 crash. It'll be interesting to see when this stops. My methods are usually pretty good at picking turning points. I'll try to find time to continue writing, both here and on my web site (which is "broad market" direction oriented). Kevin

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