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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (15605)	4/21/1999 4:42:00 PM
From: Alok Sinha	Read Replies (3) of 64865

This thread sure is funny. We are up 5 today after being up about 10% yesterday, and no posts. We drop 5 points and everybody long starts moaning (some start buying wondoring if we are catching a falling knife), and everybody short or those on the sidelines deluge the board with "I told you so, It is getting a lot cheaper, I will buy in the low 40s, I will wait for the 20s, etc. etc. " I am just glad the market fluctuations alllowed me to buy back at a reasonable price. However, a word of caution - the wild trading in the Internet stocks and NASD should be cause for concern. Broad indices are not supposed to drop 5% one day and jump 3% the next. I also don't think we have seen the end of the mini-correction that could occur as soon as all the earnings are out and people start worrying about the next quarter and interest rates. If the rally in SUn continues for the next couple of days I am buying some 55 puts (Dale, please note it is not a "short" but a hedge). Regards Alok Charles- I sincerely hope you are not depressed anymore.

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