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

To: Sonki who wrote (41581)	2/24/2001 11:07:26 AM
From: im a survivor	Respond to of 64865

<<kg4, trust me u r going to make atleast 100% on it. i even bot yesterday before the horrible call. >> Well, I'll take 100%, but frankly these leaps have far greater potential. Note the 03 35's have a yearly low of 3.50 and a high I believe 371sh......quite a nice % gain if we reach our previous high. But, lets not get too far ahead of ourselves and just look at things realistically.......If you have charting capabilities that allow you to compare call % gain/loss in relative comparrison with underlying stock movement, as well as comparing the 5 of different leaps in different stocks...it tells a very compelling story....currently the 03 35's were sellin for 6.5 with sunw at 26ish, I believe....traded at $9 with sunw at 30ish and 14ish with sunw at 33.50.......current price of 3.50 - 4.00 has very little downside. Sunw at $10, and the 03's will still have value in comparison with cost basis. We know how up and down the market will be...good chance the leaps hit $2...good chance the leaps hit $20 as well.....the good thing about it is, we don;t need much of a move to get a very nice % premium on the leaps...the lower we go, the less downside and more upside we have. Additionally, should we stay in this funk past 03, it will not cost much to roll these leaps up to 04 and so on, until naz comes out of it's funk. With the company buying back 1.5 billion dollars worth of shares on the open market...well, thats good confidence from management, an awful lot of shares to be bought....shorts best think about that...sideline money will eventually re-enter and I am sure sunw will be compelling for alot of people in the $10 - $30 range.........so, I bought more 03 35's of friday and will alter my plan some this weekend, as I plan to pick up a boatload more of these leaps in the coming weeks....I will buy on any more weakness we may experience and will try and aquire a sizeable amount of the leaps so I can tuck half away and use half to trade....buy at $2 - $5 and sell at $4 - $14 and keep doing that while I maintain y buy and hold on the other half....the bottom line is I want as many of these leaps as I can get my hand on...I am concerned about economic conditions but I do feel there will be ample time for sunw and these leaps to do quite well prior to 03, and as I said, I can always roll them up to 04 if necessary, and my guess is if in two years that is what I have to do, it will be safe to say the markets will have collapsed economy will be in shambles and maybe owning the stock may have far more downside possibility...I mean, if sunw $10 in 2 years, I assume most tech stocks will still be in the gutter...would I rather be in stocks getting creamed, or leaps with less monetary risk, higher upside potential and the means to roll them up to another year if need be..... Good luck to all longs.....I too, was hoping for a move to $15...where I would have bought more stock as well as more leaps....but maybe next week....maybe not....sunw has been whacked pretty good. A steal at $20, it will be a better steal if it hits $15 or $10...and even sunw's biggest bear Kraemer, said he would be buying sunw at $15...that says an awful lot........ Keith