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Technology Stocks : All About Sun Microsystems

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To: High-Tech East who wrote (35109)	9/8/2000 4:21:35 PM
From: High-Tech East	Read Replies (1) of 64865

The Commitment of Traders Report was just released for the last two weeks The "Commercials" are now more net-short (more "short" contract positions than "long" contract positions) than they have ever been. For the last two weeks (averaged together), they are short 52,639 contract positions (net). ... let's see ... 52,639 positions requiring $23,438.00 in margin requirements for each one ... that is ... $1,233,752,882.00 or $1.2 billion dollars that they have bet against the S&P 500 ... I am not going against them ... in fact, I am planning to join them (at least in part) by buying my second "put" on Monday. (Note: the dollar figures are my own personal calculations and to the best of my knowledge, they are correct) Ken Wilson

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