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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (29757)3/30/2000 6:47:00 PM
From: Alok Sinha  Read Replies (2) of 64865
 
Hi Charles,
Given your uncanny knack in the past for picking the lows in SUN during any sell-off, I would like to think longs in SUNW don't have much to worry about.

Timing wise I caught a break as I aggresively sold covered calls on SUN (Apr 105s , Apr 115s and May 125s) as it was rising from 100 to 105 on Monday. Got scared by the momentum early this week and by yesterday had bought back all of them (obviously if I had waited till today it could have gotten them a lot cheaper). Bought some long calls (May 125 and Apr 110s) today when it dipped below 93. Also sold naked puts on INTC and MSFT. I think we may finally see some green tomorrow, but the prospects for inflated B2B names do not look all that good. It is refreshing (not from a portfolio performance perspective) to see that traditional traditional measures such as earnings, interest rates, etc. do matter.

Reagrds

Alok
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