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Technology Stocks : All About Sun Microsystems

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To: uu who wrote (4640)	10/15/1997 1:56:00 PM
From: vinod Khurana	of 64865

I shorted 100 shares of MSFT this morning at $136 and purchased 5 Nov 135 puts at $5 1/4. Earnings due next week and I believe that the good news has already been factored in. Buy on the rumour and sell on the news....works everytime MSFT reports earnings. Besides, this time around, the CFO gave an advance warning about future outlook and the hefty price surrounding this stock. What happened to INTC today could happen to MSFT. Keep in mind that we are very close to the top and very far from the bottom....so only one way to go after earnings.... Straight DOWN !! V.K

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