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


To: Technician who wrote (6891)1/15/1998 6:17:00 PM
From: Alok Sinha  Read Replies (1) | Respond to of 64865
 
Well if that happens will definitely sell my Feb 40 puts that I got for 1 1/8 today. I see a run-up over the next couple of weeks to high 40s as we get some upgrades (addition to recommended lists, etc.) ; that is if Asia stabilizes and the tech market dosen't tank bigtime on perceptions.

Networkers ASND and BAY report next week, and both should be positive.Same for PC makers. Disk drive makers (already beaten to pulp) will be the pits as far as earnings.

Regards

Alok



To: Technician who wrote (6891)1/15/1998 6:36:00 PM
From: Byron Xiao  Read Replies (3) | Respond to of 64865
 
I don't even try to time the market any more. I remembered
buying 600 shares of DELL at 35 in 95. And watching it dropped
to 25 in 3-4 months. I sold it at 40 couple months later in fear
that it would drop to 25 again. Today, it's 91 5/8, AFTER splitting
twice. If you believe the company is going in the right direction,
You should hold onto it. Go with your heart, don't go with what
other analysts tell you. They may affect the stock couple points,
but they can't affect SUNW direction. I feel strong about the
company's future. Especially with good news coming out this past
week about the TCI deal and new product lines. I think SUNW is
positioning well to significantly improve its financial outlook.
I will hold until it gets to 60.