<<Does the tape today change your opinion of the stock any?>>
Truthfully, I'm not paying much attention to NTAP. I've got my position, it's too high to think about buying, I have no intention of selling, so I don't care what's happening to the stock. I'm spending my time, in this dip into Nas 1600s, trying to catch the bottom in CSCO and ALTR and TXN and QCOM.
NTAP's chart continues to look reassuring. Step back a moment. Compare the 1-year charts of NTAP vs others in their industry. Since the 9/01 bottom, NTAP has gone up more, and held onto more of its gains on this dip, than just about anything else. Which tells me that the market thinks NTAP will be a winner in storage. Which confirms my opinion on the company.
What's not to like? At the market goes down, support in the 15-16 area, where the 200DMA is, has held.
This is a chart I don't like: stockcharts.com[h,a]dahlnymy[dd][pb50!b200!f][vc60] |
