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

To: Eric.sun who wrote (19820)	9/20/1999 11:54:00 AM
From: Alok Sinha	Respond to of 64865

I guess timing -wise selling covered calls and buying puts on Fri didn't work too well, but the one thing that you can bet on is volatility - and with Wall Street likely to remain nervous with a 3rd rate hike likely, there will be plenty of opportunity to buy back covered calls. I have held SUN for such a long time at the P/E of a hardware company that the current PEs are a little hard to digest (not that I am complaining). There are other firms such as MSFT and CSCO that have that 50+ PE over the long haul, but their margins are much higher. Regards Alok PS - At 50% of my portfolio, I think I am way to concentrated in one stock (that is why I buy puts from time to time). If you have 90%, I would recommend diversifying to sleep better.