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


To: Steve Lee who wrote (44741)8/30/2001 8:59:26 AM
From: cfimx  Read Replies (1) | Respond to of 64865
 
I don't think it was me, but a certain lion-of-judah-sized poster does. But thanks anyway.



To: Steve Lee who wrote (44741)8/30/2001 4:44:38 PM
From: Bob Duncan  Read Replies (1) | Respond to of 64865
 
Well, I am glad I posted here last night. What a great thread this is, lots of good ideas/thoughts.

I got scared today and sold my SEPT. 12 1/2 puts at 1.5 this morning. Of course, right after I sold at that price SUNW continued to tank lol. Thats my luck of course. I figured a 150% gain had to be locked in, and have no regrets. I am actually up slightly for the year now, so I cant complain.

So, what does everyone think of SUNW now? I didnt think it would drop this much in one day frankly. One has to wonder if any more warnings in the tech sector the next few weeks will cause such reactions. It is very tempting to buy 60% put/ 40% call positions on stocks like RIMM. If SUNW can drop like this, what will they do to a company like RIMM when they report??

So, I am sitting on 100% cash now. Looking for a reason to go long, might even buy some SUNW, who knows.

Good luck to all, long or short.