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Technology Stocks : All About Sun Microsystems

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To: Dale J. who wrote (13648)	1/20/1999 4:29:00 PM
From: Alok Sinha	Read Replies (2) of 64865

Dale, I got to hand it to you, you do stick by your conviction. I don't know what got into me that I shorted SUNW last Fri towards the close at 100.5 but covered yesterday morning at 101. Don't mistake me I still have a substantisl long position acquired last month in the 80s through naked puts. I was just trying a go with a hunch (but boy was I wrong). Should have done that at 115 today. SUN is a long term winner. It may come down to the 90s again but it is not going to the 60s. I do have a stop loss limit at 98 on my long position. You have to agree that the company has a lot more visibility today due to the Internet (MSFT continued pushing out of Windows 2000 does not hurt either). I also sold naked puts for Feb 95s today at 3 3/4 to acquire more SUN if it falls. Regards Alok Alok

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