O/T Who really knows?!
Nobody... but the patient investors who use technical analysis as one of their tools to pick entries... and exits, aren't the foolish voodoo speculators you seem to allude to with your post.
FWIW some of us have been pretty on with our calls here, you just chose to dismiss them as nonsense, and wild ass guesses.
Any true "investor" maintains an ongoing study of the micro,and macro, economic foreign and domestic situation, and determines their investment strategy accordingly. When the fundamental picture changes, like it has recently, a re-evaluation of one's strategy should be in order.
There has been, and still is, a ground-swell of evidence mounting that the "Secular Bull" market is over for now, replaced by a secular bear that could endure for years.
These two charts only show a picture of historical norms in our stock markets, and should be accompanied by a good study of world economics. Suffice to say they portend more down in the weeks, months and possibly years to come... counter trend rallys notwithstanding. NTAP is only a member of the herd, they will get pushed and pulled accordingly.
geocities.com
geocities.com
Believe it or not. Some of the wild ass traders here saw that and tried to share it with the group. It's not a joke, and I personally think a lot of it was brought here in an effort to share and help others. Please don't bash chartists, the fact remains that if you had opened your mind, there's a good chance you could own alot more of the stock at a much lower cost basis.
I'm all for getting back on topic though, and talking about how this company, and sector, will perform in the new economic environment. Personally I think it will be one of the stronger performers, but revised realistic growth projections for the company and the stock price are obviously in order too.
Again... Nobody really knows, but the educated open minded guesser is more likely to be better positioned for the future than a one dimensional personality.
Best Regards, and good trading.
John Madarasz |
