All About Sun Microsystems Message Board

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Technology Stocks : All About Sun Microsystems

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To: uu who wrote (9111)	4/16/1998 5:53:00 PM
From: Riskmgmt	Read Replies (1) of 64865

Addi: Re, I am not planning to buy anymore unless I can get SUNW for under $38/shr. With Sunw at current levels you can probably write puts and pick up $1.50 to $2.00 I did this last month and was able to get a $1.50 for the $40 strike. This way if Sunw drops as you expect you get put the stock at $40-premium, in my case $38.50. If it is above $40 you don't get the stock but have $1.50-$2.00 towards the higher price. I found that this not only profitable but it helps to keep the emotions out of it. So often, I have vowed to buy at a lower price only to procrastinate when it does indeed go lower. Anyway, I enjoy your posts and wish you luck. regards, Ray

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