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


To: JavaGuy who wrote (16533)5/21/1999 1:49:00 PM
From: Alok Sinha  Read Replies (2) | Respond to of 64865
 
Hope you acted on your advice and bought some calls. I was trying to buy back my Jun 65 and 70 covered calls for 2 and 1 resp, but missed it by an 1/8th. Since SUN mgt has already indicated that quarterly trends are strong (read EPS target will be met) I think downside to SUn is limited at least for the next two months (short of a market meltdown). Did some additional buying today - Walmart, Home Depot and Phillip Morris in addition to Dell.

Intel call options look particularly cheap. I have an order in for Jun 60.

Regards

Alok



To: JavaGuy who wrote (16533)5/21/1999 1:51:00 PM
From: Eric.sun  Respond to of 64865
 
I suspect 60 is short term bottom for SUNW. It is great time to buy
call. It will rebound next monday most likely after MM collect their
money tomorrow. To prove my point, I am buying June 55 call.



To: JavaGuy who wrote (16533)5/21/1999 4:09:00 PM
From: Charles Tutt  Read Replies (1) | Respond to of 64865
 
I took advantage of this presumably option-induced selloff by buying enough shares of SUNW to bring me to the next even number of thousands of shares. Now I hope it doesn't disappoint next week.

JMHO.