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

To: Haim R. Branisteanu who wrote (17786)	7/13/1999 4:39:00 PM
From: Alok Sinha	Read Replies (3) \| Respond to of 64865

Sold the July 72.5 puts at 1 3/8 today (+ 1). Still hanging on to the July 75 puts that I bought at 1 yesterday (closed above 2 with a high of 3). Resisted the temptation to take all profits in one day given Intel was coming out with earnings after the close. Intel seems to have disappointed the Street (51 vs. 53 expected). I was trying to buy Intel puts (Aug 60s) yesterday and today but missed by an 1/8th. By the same token I was trying to buy back my covered call Aug 65s and that did not go through either. So I can't complain. I guess the the golden rule of investing continues to apply - dosen't pay to be greedy (always), dosen't hurt to be greedy (sometimes). However, I was able to buy LU, SUNW and CSCO Aug puts at reasonable prices yesterday and today - so my portfolio is well hedged aganist any short term slide in NASD. I have stopped trying to figure out where this market is going. Where do you see SUN closing Friday? My guess is 72 1/2 (or if Intel news is really badly received then 70 is probable) Regards Alok P.S> I like the commentary on your chicken page. Reinforces my thinking about how markets should behave on a rational basis. Can somebody post the article "Sun also rises" from today's Street.com. I don't have an account so can't access the story.