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Technology Stocks : National Instruments (NATI) - Insight, please?
NATI 59.980.0%Oct 11 5:00 PM EST

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To: Mark Ivan who wrote (189)10/13/2000 8:51:03 AM
From: Jason M  Read Replies (1) of 217
 
I think the strength has alot to do with the thinly traded nature of the stock. There are few, if any, momentum players in NATI so you don't see these momentum swings. NATI does follow the NASDAQ though if you look at the charts. One big thing I've noticed is that every once in awhile a huge price drop/gain will happen when some one dumps or buys large amounts of shares. This is just characteristic of the small volume. It will be interesting to see the earnings report although I doubt it will be any different from all the other ones over the last 4 years ... double digit revenue growth ... new revenue record ... etc.
I'm thinking of buying in at 40, but I've got a feeling that the normal trading range of 40 to 46 won't return until November. Who knows. NATI isn't overvalued compared to its peers so I don't see a correction in it.
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