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


To: Kal who wrote (8140)3/9/1998 3:58:00 PM
From: Pierre Aydin  Read Replies (1) | Respond to of 64865
 
I did at 38-7/16, should have waited few more minutes, I am not good at picking the bottom so I will average down.

Pierre



To: Kal who wrote (8140)3/9/1998 4:21:00 PM
From: Carl Wysocki  Respond to of 64865
 
Just picked up some at the close for 37 3/4. Almost didn't get
it in, as I'm mistakenly entered the symbol as SYNW. Good thing
Chuckie makes you confirm the order once again. Almost missed
out because the market was closing. We'll see tomorrow if this was
fortunate for me or not.

Who knows where or when this will end. Maybe, just maybe,
the IV will get above .45 making short puts an attractive scenario.

My guess is that the market is assuming that if CPQ is having problems in the business market in NA, SUNW might be encountering similar difficulties. While there is some overlap in
the markets, I'm placing my bets on Sun not being as severely
effected, if at all. I'm not quite willing to believe CPQ's problem is
totally company specific, but it seems like opportunities are becoming available.

Carl