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

To: E_K_S who wrote (16432)	5/14/1999 5:49:00 PM
From: Alok Sinha	Read Replies (1) \| Respond to of 64865

I think selling Oct calls is probably a wise thing to do since the last few years,there have been big corrections in Oct. Per my prediction (I can lay claim to being right once) the market did drop on interest rate fears today. But I was also surprised by Sun's strength today- I attribute it to a news item (probably in Street.com ) that said that mgt told analysts that the quarter was very much on track. That is as good as saying we will beat the earnings est (by 1 or 2 cents) and have strong rev growth. Given that this is SUN's strongest quarter, the fact that it will not be back-end loaded eases concerns for analysts. On the market front, I am expecting further drops on Monday and Tuesday till the Fed action news comes out. A short rally may occur if the rates are left unchanged, but a tightening bias may see the Dow below 10,500 and NAS below 2400. Personally, I am not very well hedged if the prediction does come true. But I had written covered calls on my INTC, ASND and SUNW holdings, so the premiums do take the bite of any down move somewhat. Regards Alok

To: E_K_S who wrote (16432)	5/15/1999 2:53:00 AM
From: aha	Respond to of 64865

> Does anybody know what services SUNW's facility in > Sacramento, CA provides? I noticed that they have a FOR > Lease sign in front of their building. I wonder if they are > moving these services back to Silicon Valley or > consolidating to another building locally. EKS If you are talking about the one just off of highway 50 I think they are leasing the building. They share it with a bunch of other companies - including Microsoft and MCI. It is probably one of their sales offices. I doubt they are moving, its probably the building owner leasing available space.

To: E_K_S who wrote (16432)	5/17/1999 9:15:00 PM
From: Sonki	Respond to of 64865

you are very correct about ibm, t & sunw as the real low pe value stock to participate in longterm future of the internets. following is from the newsletter: Now for the real SHORT TERM: option investor recommends sunw options SUNW had a very nice week, in spite of the Tech wreck on Friday. We are adding the stock for this very reason. On Friday, SUNW closed near its high of the day, and lost only $.56. There should be support, if needed, at the site of SUNW 10-dma and 50-dma at around $60. When two moving averages consolidate, it usually is a strong support line. SUNW did achieve a double top at about $66, so be aware of this resistance point. SUNW split in early April, and it seems the post split depression is behind us. Watch for confirmation, but SUNW looks poised to gain strongly with any help from the market. Update SUNW announced that they will unify their software divisions. The changes are necessary to help the company strengthen its efforts in the software market as it moves away from being known only as a midrange hardware vendor. No jobs are scheduled to be lost, but some employees might be re-deployed. This just shows the marketing that SUNW is putting out, that it is an Internet-software company, as much as it is a hardware supplier. Action Month Strike Symbol Open Interest Closing Price Stop Loss Comments BUY CALL JUN-60 SUQ-FL 1541 7.50 5.75 ITM $4.63 BUY CALL JUN-65 SUQ-FM 3690 4.75 3.50 BUY CALL JUL-65* SUQ-GM 5534 6.50 5.00 BUY CALL JUL-70 SUQ-GN 11397 4.50 3.