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Technology Stocks : All About Sun Microsystems
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To: JC Jaros who wrote (36995)10/26/2000 4:24:16 AM
From: Yaacov  Read Replies (2) of 64865
 
Hello JC,

I have been watching SUNW and I am glad to say the stock acted as I thought, up to 122 plus and then fell below 108.
I sold well the bulk of my SUNW and sold Jan. calls strike 130 and 135. I waiting to see if the stocks fall below 100 to buy back the SUNW, and pick up the calls I sold at 10 dollars plus for a dollar or two. I beleive now that the good news are out, SUNW will be correcting prior to split. If there is no rally, then the stock will remain under 120
before the split. It will behave with the wave and the marekt sentiments. Earning alone is not sufficent. By the way, IBM came out witht somthing new that could put pressure on SUNW! Any idea what was it?

Kind Regards,

Yaacov

Have you invited "anyother" to BB-Q? ggg
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