Buying Sun

I have a limit order in to buy Sun Microsystems at $4.20. Regular readers know that I’ve traded Sun over the past few years with some success. It looks as though the stock is sitting near pretty solid support in the $4.15 to $4.20 zone. I’m buying with hopes of seeing $4.90 before we hit the annual summer swoon. Going from $4.20 to $4.90 would produce a 17% profit.

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