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Technology Stocks : All About Sun Microsystems

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To: QwikSand who wrote (12842)	12/21/1998 7:29:00 PM
From: Alex Chun	Read Replies (2) of 64865

When people start saying, in effect, "something is going on that I don't understand that justifies this stock's strength" I begin to worry. I am bearish on SUNW short-term, even though I'm long. Today I bought protective puts (SUQ Jan. 95) as a hedge. The Internet hype is out of hand, and a tithing to the stock gods is in order. If I lose 100% of my hedge, fine. In the meantime I have some protection against a precipitous decline. Another key warning sign: Dale seems close to covering. :-) -Alex

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