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

To: Sonki who wrote (6501)	1/5/1998 1:30:00 PM
From: Alok Sinha	Respond to of 64865

Well, your advice on my SUNW calls came a couple of days late. As the percent gain on the option had exceeded my target (100%) I bailed out. With options I have a mindset not to rue over lost profits once my target has been reached, esp with 2 weeks to expiration and the kind of hogh tech volatility that we have seen recently. I have some naked 45 Jan puts which are gaining due to the rise in SUNW, but I am hoping to get assigned on these. ASND, since the new year has been going up on volume every day. From the large block volume which Gary Korn posts on the ASND thread, it appears as if institutions are accumulating. I expect them to meet their numbers for this quarter. Even if a buyout does not occur soon, rumors are bound to fly, which makes this an excellent stock to buy options on - both calls and puts. I think it has strong resistance between 30 -32 and downside (in the absence of earnings disappointment) should be the 22 -23 range. ORCL is dead money (in my opinion for the next 3 - 6 months) Bargain hunting has resulted in a couple of points gain, but that is bound to evaporate as soon as the techs have a bad day (which history tells us happens frequently). Even now it has a very high P/E and SYBS's waring confirmed the slolw down in the North American market for DBs. I would take my gains with EFII soon; not much to support it in a down market especially because such companies rarely have a one quarter problem (look at ASND, IFMX, SYBS, BAY, etc). EMC, I agree looks good. I am looking for signs of this tech run up (primarily based on optimism and bargain hunting) to level off. Will be buying some CSCO puts soon. Even though SUNW is my largest holding, I am least concerned much downside on SUNW, especialy till the end of Jan. Will be buying some deep out of the money protective puts at the 45 level (if it reaches there) before earnings. Regards and a Very Happy New Year Alok