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Technology Stocks : Network Appliance
NTAP 112.28+0.6%Dec 1 3:59 PM EST
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To: Uncle Frank who wrote (5509)12/1/2000 11:55:35 AM
From: Boplicity  Read Replies (1) of 10934
 
I laid out where I thought value was which was 50's 40's, no one can tell where the price will go with certainty, so I started buying when we got close. I also said stocks and markets tend to go back to their normal trend over time. It's painfully obvious that the run up to January was a blow off top for the market, only the brain dead can't see that now. So the market and stocks are going back to the normal trend. For the market that would be 2200 or so. Like I said 30's would of been the normal trend for NTAP, I'd say we got pretty close yesterday to the 30's. Did I think it would happen that fast? No way. That's why I bought in the low 60's. You might wonder why I don't wait for the base to form and the break out? I have no idea how long it will take the market to consolidated all this selling, I do have gut feeling it will take 6 months or so. I also said I need more time to see how NTAP the company reacts to the current conditions, economic wise and competitively so I have only commented around 1/3 of what I want to. I'm making a bet that NTAP will do just fine. That's my plan and I'm sticking to it till Mr. Market tells me I'm wrong.

As far as the other poster that posted to you, stick it where the sun doesn't shine guy. <g>

Greg
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