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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (5928)	12/3/1997 4:44:00 PM
From: space cadet	Read Replies (1) of 64865

Amazing strength. Every since sun held the line at 30 it has been straight up. I am glad I held on and only sorry I didn't accumulate more at those fire-sale prices. Unfortunately, I thought the market was going to crash for a few days so my money was tied up in puts then. Anyway I studiously play the covered call game every month, but with the recent strength I'm not sure anymore where exactly sunw will finish out on Dec 19. I'm guessing either 40, 42.5, or 45. I wouldn't want to have my sun called away from me, so I may play this conservatively and stick to 42.5 or 45. These options are both dirt cheap right now so I'll have to wait for yet some more strength. Anyone else playing the covered call game and have any advice? I think one reason for sunw's strength is because sunw tends to have very regular earnings without the disconcerting up and downs of a lot of other tech stocks.

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