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Technology Stocks : All About Sun Microsystems
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To: Sonki who wrote (16364)5/12/1999 6:49:00 PM
From: Alok Sinha  Read Replies (2) of 64865
 
Quite a few of us are wondering why SUN jumped up so much today, but I haven't seen anything that would explain this kind of move. Interestingly it was strong eevn during the brief sell-off during the morning following Rubin's resignation news.

I like stock moves to be steady (both up and down), but I am not complaining. I did use today's jump to buy some 62.5 puts and sell some 67.5 covered calls for May. Market remains susceptible to pull back some if the long bond yields don't come down some. I think some of the money moving back into techs over the last 4 sessions is related to the rotation from cyclicals. At least some sanity seems to have returned with the Internets also stabilizing.

Regards

Alok
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