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

To: Alok Sinha who wrote (17518)	7/1/1999 4:44:00 PM
From: Haim R. Branisteanu	Respond to of 64865

Alok, we are now in a blow off stage see my posts regarding the VIX and P/C ratio on the Kahuna tread. I think I will comment on the Chicken page also this weekend. Closed my SUQGN at 1 1/4 this morning. Not bad for rolling the dice <GG> Closed out all my open put position (sold put option) today for a nice profit. Will wait to go short lower strikes like SUQGM. SUNW was weak today, as was CSCO. By next week I anticipate some more down draft. Treasuries are still around 6% this market reminds me of 1987 wen there was also a disconnect. BWDIK Haim

To: Alok Sinha who wrote (17518)	7/2/1999 11:51:00 AM
From: JavaGuy	Read Replies (1) \| Respond to of 64865

Alok, Wrote more OTM calls today. Rally is strong but I've made my "overly optimistic" annual goals on total portfolio % return and don't want to get greedy. Have OCT 55's (super hedge) and Aug 75's written. Still have more uncovered shares, if we hit 75 I'll write more. If we hit 80, I'll have to buy puts. This is one fantastic rally from ~56 to over 70 in about 12 trading days! Long term, I think Sun will do great, but the market this Summer and Fall could get a little spooky. If we hit "the big drop" later this year, I want to be in cash and ready to sell naked puts on my favs. What options do you have open currently? JavaGuy