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

To: Eric.sun who wrote (18562)	8/10/1999 12:22:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

I think today may be a short term low for the market. NAS has strong support around 2450-2460. Aganist my better judgement (that you cannot make money by being long in options) I have placed some orders to buy deep out of the money calls for CSCO, SUN and LU (Oct 75s). All of them are between 50c and $1. I wouldn't hold them for very long though. The technicals look horrible and we could easily be below 2400 on NAS by the end of the week. A lot of traders will be taking any bounce from CSCO's earnings (which will be strong as usual) to bail out, IMO. Regards Alok PS. USWB has been acting rather sick lately.