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Technology Stocks : Network Appliance

NTAP 117.12

-0.3%

2:01 PM EST

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To: John Madarasz who wrote (3953)	8/13/2000 10:10:41 AM
From: Larry S.	of 10934

Without commenting on NTAP near term fortunes, your comment about setting a stop loss at 83 (which is the same level Jubak posted) has some concerns. First of all, a stop-loss does not guarantee a price, only a market order if the trigger price (83 in this case) is hit. If the stock should open down sharply after earnings, (say 75), then your stop loss order would become a market order and you would get filled (or stuffed) iin the 75 area. Additionally, since Jubak mentioned a specific number, it is possible that others have entered stop loss orders at the same level. So if 83 is breached, there could be a major air-pocket as all the sell orders hit at once. just a caution. larry

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