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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (15388)4/14/1999 6:58:00 PM
From: Alok Sinha  Read Replies (3) of 64865
 
Charles,
I don't think SUn will get below 60 soon. Earnings will give it a short term bounce esp. because it has been drifting down all week.
Howvever I am convinced that we will see the 50s in the next 3-6 weeks. Previously, the market advances had narrowed to the tech sector. Now the strength is only concentrated in 2nd tier net names.
Even the AOLs, EBAYs and YHOOs have run out of steam.
After the eranings I may sell May 55 puts to establish a long position (if it dips, else I am happy with the premium). To be honest, I though SUn did okay in taday's action esp towards the end

Regards

Alok
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