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Technology Stocks : All About Sun Microsystems

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To: Rich B. who wrote (6616)	1/9/1998 3:34:00 PM
From: Alok Sinha	Read Replies (2) of 64865

Market is looking ugly today going into the close. I think I will sell Mon morning irespective of whether the bounce from TCI announcement materializaes. I agree it is very tempting to hold on till 13th, but the time premium on the 42.5s will dry out to 1/4 or 3/8 by then; even a couple of $ move up leaves you 1.5 max selling price. Given the tone of the market with daily earnings warnings from some tech co., a sell off like the one today towards the middle of next week may cause the options to be worthless. I will get into the Feb 45 calls at some stage before earnings. Regards Alok

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