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Technology Stocks : Network Appliance

NTAP 115.99

+1.1%

3:59 PM EST

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To: Miguel Octavio who started this subject	11/17/2000 2:20:06 PM
From: pirate_200	of 10934

On valuation moaning and groaning: I think we are all beating a dead horse here. This spring, NTAP dropped to the $50 range simply because the market took it there. They were certainly still in the quarter to quarter revenue acceleration mode, but the market didn't care. Even if revenues were 150% this last quarter, I'm sure the stock would have been taken down because of "competitive worries" or "election worries" or "inflation worries" or "future earnings worries" or "pick-your-worries". Until the market starts to turn around, it's just a time for looking for entry points into this stock and many other stocks. The good news is: there's lots of stocks with good entry points. The good news is: negativity is high, which is typically a sure sign of a market getting to a bottom. The good news is: it's the weekend! :)

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