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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (26720)	1/24/2000 7:39:00 PM
From: Alok Sinha	Read Replies (3) of 64865

Hi Charles, How is it going? Be sure to post when you think the selling has gone long enough and you were going to buy some more SUNW. That has usually been a pretty good indicator of a short term bottom. BTW I don't see how seling covered calls and buying puts can cause a broad based sell-off. One of the main reasons for my concern about market levels has been the extremely bearish signs that the put call ratio (for every 3 to 4 calls there is only 1 put being bought) is indicating for quite some time. If a lot of puts were being bought and a lot of covered calls written by retail investors that would be a bullish sign (I had some cov calls expire fri, and I rolled forward into Feb 85s and 90s - today's drop was too tempting and I actully bought back the 85s at the end of the day). IMO what will keep SUN from sliding less than other in its sector is the promise of 25% + rev growth, and potentially 35-40% earnings growth over the next couple of years. Regards Alok

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