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

To: JC Jaros who wrote (27778)	2/15/2000 10:48:00 AM
From: JavaGuy	Respond to of 64865

As buy and hold SUNW longs, we've seen quite a few fellows blow through here as TA true believers JC, I am a believer in TA for ST options trades. While I LTB&H on my stock, I will trade the options around my holdings. SUNW has been a predictable trading stock. I posted a couple weeks ago that I thought (hoped?) SUNW would soon break 87 and peak in mid 90's, and sure enough.....When it happened, that's when I wrote calls. While I don't know where it is heading at any given moment, some signals tell me when a breakout is very possible. Right now SUNW is showing strength in a crappy tech market, so we may continue up. however, I would like to see one or two solid bounces off 87 - 88 to turn that old resistance into a support. -That will help us break 100 easier, without a strong retreat threat. I don't fool myself into thinking that I could better my performance by trading rather than B&H great stocks. I've been caught with my pants down and had to buy back calls at a higher price before, but that is better than not holding the stock at all during a run. Those that would short SUNW are insane. I would never have the audacity to try to pick a LT top on any stock, especially as one as strong as SUNW has been for years. Anyway, that's my 2 coin TA. Back to work, and trying to catch up with my fav threads... -JG