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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (17066)	6/11/1999 4:05:00 PM
From: Alok Sinha	Read Replies (1) \| Respond to of 64865

The reason I am trying to buy back the 65 calls is so that I can write some more for July next week when (or rather if) SUN trades in 61 - 62 range, without increasing the maint requirement. But I am not going to change my price. Hopefully SUN's meeting with analysts was positive. Did you sell in 60 puts. Alok

To: Haim R. Branisteanu who wrote (17066)	6/11/1999 4:25:00 PM
From: Alok Sinha	Read Replies (1) \| Respond to of 64865

From CBS MarketWatch: Conventional wisdom would suggest that rising rates hurt stocks with the highest-multiples, and not surprisingly ones with no earnings multiples. But "strangely," notes Keith Benjamin, Internet analyst at BancBoston Robertson Stephens, "given high cash balances at most companies, rising rates would inflate earnings." This guy must be the biggest idiot on earth .To focus on the marginal benefits of liquid cash positions of net companies relative to the huge change in valuations of firms (with no positive earnings for years to come) as the rates move up is preposterous. Kind of validates your opinion regarding sell side analysts. Regards Alok