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


To: Gregory who wrote (30363)4/9/2000 7:34:00 AM
From: JDN  Read Replies (2) | Respond to of 64865
 
Dear Gregory: I am afraid you are between a rock and a hard place. If you noticed my recent post to Charles Split Trader is forecasting a split announcement by SUNW on 4/13. Even without that it is very likely the shares will continue to run up prior to the earnings announcement. (of course, a lot of this depends on a favorable general market) but of the companies expected to release earnings between now and Thursday all look to me as likely to have good earnings thus creating a good general market). Now, IMHO if SUNW doesnt announce a split on 4/13 there is the possibility that the price will pull back (from where and how far I dont know) but you stand a good chance IMHO of having your shares called in the interim. Just my thoughts. Incidentally, generally SUNW is NOT a good stock to sell covered calls on for obvious reasons. JDN