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Technology Stocks : All About Sun Microsystems
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To: Sonki who wrote (14168)2/5/1999 5:15:00 PM
From: Alok Sinha  Read Replies (2) of 64865
 
Sonki,
How are things going. I was vacationing in Florida for a week. BAC hasn't done much lately; I did cover my naked SUNW Feb 100 puts when the stock was around 107 (went up 4 or 5 points further, before coming down with the market, so I missed out a point or so of profit on the options). Still have 10 contracts of 95 naked puts. How do the money flows look for SUNW during this sell-off. For once the sell-off is not battering my portfolio (as it usually does) since I have position in only a handful of stocks. Was able to get out of INTC, KMAG, COMS, ADIC, NT on their way up (about 5% away from the top). Started selling naked puts to acquire more positions this morning. COMS beginning to show some strength.

Also - any idea why the bottom is falling out of QNTM. My stop loss (sell) on my long position went through at 24.75 (effectively a 1/2 point loss). But yesterday I sold some naked puts (Feb 22.5) to buy effectively at 20.5. Could have bought spot today. Wondoring if I should protect further downside with 20 puts. Actually, the entire Disk Drive sector is getting trashed. In my experience, component makers (memory , DD) lead the downtrend.

Any thoughts. Are you buying anything else. (May want to stay away from the financials for some time).

Regards

Alok
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