Thanks for your comments about Jubak's trading history with NTAP, Hisham. I agree completely.
All last summer, there was bragging on all the boards about the money the short term traders had made trading NTAP, and all last summer NTAP's fundamental position was only strengthening. The company was reporting it in the conference call, and the brokerages were reporting it in their analyst's reports, but still the "trading" went on. IDC, Merrill Lynch, Prudential-- all wrote about the NAS market "exploding", and predicted accelerating growth as the NAS concept caught on.
The people who really studied the stock hung on and bought all they could. They were rewarded with a huge multiple expansion. As you say, the traders got to buy their stock back in the 90's.
It often seems to me that many who style themselves as hip traders simply don't have the discipline (attention span?) to really study a stock and use "trading" as a substitute for work.
The whole market has been weak. Every tech stock has been touched by that. When it rains wouldn't my house, my car, my trees, maybe even me get wet too?
Thanks for keeping us honest. :)
Best regards |
