Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Haim R. Branisteanu who wrote (18057)	7/22/1999 2:46:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

I bought back some of the 75 covered calls (have an order in to buy back the 80s also). Will sell 70s or 75s again if it bounces back after earnings. A 10 point sell-off in 3 sessions is usually followed by a bounce back esp. if the numbers are good and they don't overdo the caution bit in the CC too much. What do you think the market will do in the next few days. Regards Alok

To: Haim R. Branisteanu who wrote (18057)	7/22/1999 4:11:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

Well, bought back the 80 covered calls (at 1/2) and got out of the 70 puts (a tad early). So now I am unhedged (on the downside) with big chunk of SUNW stock without any covered calls. How does that sound as far as taking a short term view on SUNW stock. First time in last three qtrs I am pulling for blow-out numbers. Hope we get good numbers and an upbeat CC. Regards Alok

To: Haim R. Branisteanu who wrote (18057)	7/22/1999 4:34:00 PM
From: FiloF	Read Replies (1) \| Respond to of 64865

Hi Haim. Why do you say: <As I suspected for a while, today slide indicates that SUNW is traded as an Internet stock and it is run by all those Internet related junkies and speculators.>? As I write this, SUNW is down 3 1/2, but other tech (not internet) stocks are down as much or more -- IBM (5 1/8), MSFT (3 5/8), EMC (3 1/8), AMAT (4 7/16), etc. etc. Just curious as to your thinking. Regards, Filo