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

To: Alok Sinha who wrote (11474)	10/29/1998 3:39:00 PM
From: David Evans	Respond to of 64865

>>I did however take advantage of the volatility to sell covered calls at 55 and 60 for Nov. No harm in feasting on the markets' new found enthusiasm for the stock. The volatility allows long term bulls to accumulate at reasonable prices every fortnight < I did the same (Nov 55) Looks like I will lose sun for a short while anyway. I never thought it would move this fast, I can't complain to much, this is the 4th round of calls I have made on sun. I was getting a little concerned on sun about a year ago, however they have been executing almost perfectly. I certainly like the roadmap ahead now more than I did previously, just wish I had more money to buy. Dave

To: Alok Sinha who wrote (11474)	10/29/1998 5:30:00 PM
From: Sonki	Read Replies (2) \| Respond to of 64865

Alok, sunW is on fire, the whole SOLAR system is on fire.. i would not jump in front of a moving train. Market has underpriced this stock for a long time. Long overdue value is coming to sunw. It may soon get overprice and keep running that way. who knows ? market is crzy . it either underprices or over does. i have seen sun split at approx 60 before. i would not covercall. stop loss is better. just IMO. covered call is good for a trading range stock. i have seen similar action in dell for many years. besides dell, sunw is the only computer company coming in w. double digit revenue growth. not ibm, hwp, cpq, intc (negaive erning y/y) wait till Prudential recommends sunw as a strong buy. good time to sell then.