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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (9286)4/25/1998 10:57:00 AM
From: Bald Eagle  Read Replies (1) of 64865
 
Wasn't SUNW about 30 this time last year, so it's up about 33%. Not too shabby, though if you bought in the 50's you might have another opinion. My strategy with SUNW is just to make about 5% in a month or less. A few months of that and you start to get good returns.
Example: Yesterday, I bought at 39 3/4 and sold MAY 40 calls for 1 5/8. So, if my SUNW gets called away on March 15th, I've made almost 5% in three weeks. If not, my basis price is 38 1/8 and I sell another call next month. With a volatile stock like SUNW, this has been a winning strategy for me.
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