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

To: Alok Sinha who wrote (6089)	12/10/1997 4:32:00 PM
From: Bald Eagle	Respond to of 64865

<<To take a contrarian view I bought some Jan 40 calls today for a short term trade. >> Maybe, you got some of the ones I sold. Mine had to be covered as I sold them in my IRA. Don't want to be mean, but I hope you don't get to exercise your options. If SUNW drops much more, I'll buy mine back again and sell some more when SUNW rises again, as it will. As for price action, who knows. There's so much going on, with SEA problems, end of year selling, bad results from e.g. Oracle. I am a long term bull on SUNW, but short term, who knows. I sold covered calls to reduce my cost basis at the risk of missing some upward movement.