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

To: JDN who wrote (24109)	12/6/1999 4:48:00 PM
From: John Carragher	Read Replies (1) \| Respond to of 64865

John are you trying to HORN IN on my NICHE. NAH I got my own one from twister NON CONTRIBUTOR. Mephisto. Are you giving out twister t-shirts @ the party. I bet you would get more for them than Scott's autograph.

To: JDN who wrote (24109)	12/6/1999 5:05:00 PM
From: Alok Sinha	Read Replies (4) \| Respond to of 64865

Dear JDN, Although I am enjoying SUN's ascent as much as the next SUN long, it may be time to be cautious (I know I have said it before - a number of times). With option expiration next week (and volatility incredilbly high on calls), I sold a ton of 150 Dec calls and bought Dec 140 puts (going for only 3 at the end of the day). The action in the last couple of days seems amazingly similar to the action in the week leading to previous split (coincidentally the stock price is at similar levels 140s). Last option expiration (Nov) I had to buy back my covered calls for a loss, and the deep out of the money puts I bought for insurance were also worthless on expiration day, so the strategy is definitely risky. The sudden precipitous drop last week (from 140 -128 for no apparent reason) made me realize that the stock is being driven my momentum investors who will bail without much notice, and leave it to fundamental investors like Charles, Sonki, etc to provide support. Good luck Regards Alok