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Technology Stocks : Network Appliance
NTAP 115.66-2.9%Dec 12 9:30 AM EST
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To: JakeStraw who wrote (7622)4/10/2001 1:12:36 PM
From: kas1  Read Replies (1) of 10934
 
JS, I respect the rationale of waiting things out -- that's what I did in March. However, the thing about NTAP is it moves in big spurts. It's not a slow, gradual rise that you can jump in on at your leisure. I learned this lesson yet again today, having written some 15 calls on NTAP I acquired at 12 -- getting the call premiums was nice, but now I'm out of everything above 15 on those shares. Why? Because I expected a move back up in 0.5% steps, not the 10% steps we've been getting.
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