IRA Investing > LEAP Options	In association with
By Mark Phillips
Will the Sun Rise Again?

SUNW - Sun Microsystems $14.90

It was frustrating to watch the erratic movement of SUNW a little over a week ago as it gapped below and then above our entry target, preventing us from getting an acceptable entry point. This past week was a different story altogether, as the stock dipped to $14.10 on Tuesday and began a steady advance throughout the balance of the week. Not only was it a steady price move, but volume increased throughout the week, confirming that we picked a solid entry point. It was particularly encouraging to see the big caps like SUNW (as well as our CSCO play) start moving up ahead of the recovery in the broader NASDAQ this week, and we are breathing a bit easier this weekend seeing that the NASDAQ managed to hold above the 2000 level. The company's earnings report was certainly less than stellar earlier this month, but the fact that price remained relatively stable is an encouraging sign. The question of whether we are looking at a recovery from "the bottom" will be bandied about for months to come, but this looks like a solid entry that should hold up through any near-term volatility.

BUY LEAP JAN-2003 $15.00 VZX-AC $4.80 BUY LEAP JAN-2004 $15.00 LSU-AC $5.70