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


To: Eric.sun who wrote (20169)9/23/1999 5:10:00 PM
From: Charles Tutt  Read Replies (1) | Respond to of 64865
 
Actually, I think Microsoft SELLS puts, so this probably didn't help them, either. I do wonder what makes Ballmer such an expert on other people's stocks. Maybe he had MSFT in mind as the one that's overpriced -- in that case I would agree with him. Who knows what his motivation might be, or what spin we'll now see placed on his comments by Microsoft's PR machine? Maybe it was just a bug in his brain's OS -- I can see the headline now: "Ballmer's BSOD."

JMHO.



To: Eric.sun who wrote (20169)9/23/1999 6:45:00 PM
From: cfimx  Read Replies (1) | Respond to of 64865
 
>>Charles, Know anything why Ballmer would say that? <<<
maybe cause it's...TRUE!! what do the kids say? Duhhhh.



To: Eric.sun who wrote (20169)9/24/1999 4:24:00 AM
From: JDN  Read Replies (1) | Respond to of 64865
 
Dear Eric; Well, so you know in case you dont, Ballmer is considered the business brains behind MSFT. Bill and the other guy just a couple of GEEKS who got lucky. Ballmer didnt say anything we dont already know but were afraid to admit. Dont worry, if you own stocks like SUNW it is my opinion they will grow themselves out of this. Yesterdays market just showed why in the end Day Trading can be dangerous to your health. If you are a true INVESTOR you will ride this out. JDN



To: Eric.sun who wrote (20169)9/24/1999 7:06:00 PM
From: Alok Sinha  Read Replies (3) | Respond to of 64865
 
Eric,
I rolled forward my Oct 90 covered calls to Oct 95s; was able to take advantage of the price swings today to buy back the 90s at 3 1/2 and sell the 95s at 2.5.

Also sold some naked puts Oct 85 for 3 to accumulate more (if it gets there). Seems to be the first one to bounce back everytime the NASD showed strength.

Regards

Alok

PS- you can question Microsoft's business practices, but Ballmer has been fairly predictable in bemoaning that tech stocks are too overpriced. Let us give him some credit for speaking his mind as opposed to most high tech execs who are forever boost their company stock.