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Technology Stocks : All About Sun Microsystems

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To: Sonki who wrote (6147)12/15/1997 1:03:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
I have more than enough stock having added another 1000 last week. Options provide better leverage (and risk) in terms of the buying power in the brokerage account. With the NASD downdraft, the margin on my account is running low, so most of my transactions are option based for now. I am tempted to but CSCO at these levels but everyday it seems it gets haircut by 5%; + options on CSCO are extremely expensive. The SUNW 40 calls are holding up well and I do intend to hold it till expiration.

Would appreciate you posting the comments from ML analyst. He did have it right last quarter. I just convinced myself that given SUNW market positioning with respect to java and MSFT, they could not afford to miss estimates (esp. after the upbeat eqnd of quarter analyst meting). Needless to add - Dumb logic.

Regards

Alok
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