Cramer is just a plain fool....that is really besides the point. NTAP is a great company, but that does not matter in a market such as this. those in NTAP for the long haul shouldnt have a thing to worry about. NTAP will be a gorilla....storage aint going nowhere.....but the short term may be tough.
My recomendation, which is worth about as much as the gum wrapper I just threw in the trash.....if your long ntap at higher prices, keep the faith, do not sell. Buy at lower levels if you have the capital to do so...lower that cost basis, if your view is long term. If your short term, use whatever strength to sell and take your profit, or be prepared to buy lower, keep your average cost down so you can get out with a profit......all in all, I think this is a buyers market. NTAP is a great company. $50...we may go higher, may go lower.....but in the grand scheme...years from now, my guess is todays price will be cheap....but at the same time, any naz weakness could bring ntap down further in the near term.
Good luck to all longs...... |
