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Technology Stocks : All About Sun Microsystems
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To: Fred Ayres who wrote (5803)11/25/1997 5:09:00 PM
From: Bald Eagle  Read Replies (2) of 64865
 
<<Wouldn't it have been better to buy PUTs and limit your potential downside risk?>>
Maybe, but all my stock investments are in my IRA's, so I'm only allowed to sell covered calls. This way if my stock gets called at 40, I'll make about $3 per share and if they don't get called, I've reduced my cost per share by about a dollar. Of course, if SUNW shoots to 50 or 60, I could miss a lot of upside.
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