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Technology Stocks : All About Sun Microsystems
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To: JC Jaros who wrote (11376)10/22/1998 3:20:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
Here's my 2 cents on SUNW next move.

I can't imagine there won't be some profit taking in the techs after this run-up from the NASDAQ 1400 to 1700. SUNW may test 55 but I think we are in trading range with a short term downward bias (50-52). Plus revelations from the MSFT lawsuits may weaken the Java lawsuit. I don't see much downside below 49 (unless if the market collapses). Trying to sell some covered calls for Nov 55 and Jan 60s. The premiums look pretty good due to the high volatility.

Regards

Alok
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