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

To: Dale J. who wrote (11836)	11/20/1998 12:34:00 AM
From: The Ox	Respond to of 64865

Thanks for your reply. I missed your prediction of a fall to 58. I think it's very possible that you will be able to achieve your target.

To: Dale J. who wrote (11836)	11/20/1998 4:45:00 PM
From: Alok Sinha	Read Replies (3) \| Respond to of 64865

The long term holders may watch it go down to 58 (or whereever, and will probably see it climb back up beyond where it is today. I don't think you could short SUNW on a long term fundamentals basis. I have given up trying to predict the market (or any stock) on a short term basis (I did try though with a miserable record). If you have any technical reason why you strongly believe that there will be a retracement of SUNW to 58 (of all prices)in the short term, I think the thread would appreciate any new information. I had sold covered calls on my position which will be called away due to dramatic rise in the last 2 weeks. So in all honesty I wouldn't mind a retracement as it will allow me to build back my position cheaply. However, even if it does not go down I will be taking a long position (through naked puts ) next week. Even with its run-up, I think SUNW represents reasonable value (long term) in this overvalued market. Regards Alok