All About Sun Microsystems Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Charles Tutt who wrote (11159)	9/25/1998 12:21:00 PM
From: Alok Sinha	Read Replies (1) of 64865

Like you, I lightened up on a few hundered shares last time when it reached 50 (to avoid margin calls when market tanks), but bought back in the low 40s. Anybody seen any news lately, which is keeping SUNW strong in this market. I haven't seen any upgrades in the last couple of days. My guess is that (if market remains reasonable - and that is a big IF) SUNW will make few new highs (up to 55) as we get closer to earnings, but will fall back in a range (49 - 52) after the earnings. I am getting ready to sell covered calls (Jan 60s) as it gets closer to 55. Since we are not a YHOO or AMZN , there is always opportunity to either buy back the option or the stock when the market declines or near term SUNW perception changes (and all the fickle money managers start believing the doom and gloom MSFT scenario). Regards Alok

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next