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

To: Haim R. Branisteanu who wrote (17407)	6/27/1999 7:27:00 PM
From: Marvin Mansky	Respond to of 64865

I unloaded a chunk of SUNW on Monday, June 21 at 67 7/8. I am looking to jump back in if the stock hits my target of 60. I believe though that there will be an increase in SUNW's price this week to 66+

To: Haim R. Branisteanu who wrote (17407)	6/29/1999 3:03:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

If the reaction to the last three Fed meetings is any indication, I think there will be a broader market sell-off this week (but I am wrong more than half the time). I did sell a ton of out of the money covered calls today for August on most of my tech holdings (LU, CSCO, SUN, INTC). May prove to be a wrong move given the market strength lately. Also I covered a number of my naked put positions even though most were less tha a quarter to eliminate some risk. Sold some SUNW Aug 75 calls for 2.25 (covered) I have some 60 July puts on SUN which are fast losing value. Do you think I should bale out or hang on till the end of the week. Regards Alok