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Technology Stocks : Network Appliance
NTAP 117.28-0.2%Dec 9 3:59 PM EST

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To: epsteinbd who wrote (8650)7/10/2001 12:54:54 PM
From: Jacob Snyder  Read Replies (1) of 10934
 
Bought more OHDAD, at 3.3, with the stock at 11.12. I had originally intended on adding in equal-$ increments, every 2-point drop in the stock, from 13 to 5. However, as we seem to be repeatedly bouncing at 11, I'm adding more at this level. Support at around 50 held for 2 months, last December-January. So far, support at 11 has held 3 months, which is the longest a support line has held, since the all-time high. This price is also the price where the stock stalled for a while in early 1999. A lot of techs are finding support at those early-99 levels. Maybe, maybe, this is THE bottom.

I'm still going to lighten up some, on the next furious rally. And, if we go lower, I can sell some of my biggest stock-holding, CMH, to raise funds for buying more NTAP. CMH and NTAP make an interesting comparison.
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