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Technology Stocks : Network Appliance

NTAP 118.00

+0.6%

1:28 PM EST

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To: JakeStraw who wrote (9289)	10/5/2001 8:14:29 PM
From: Jacob Snyder	Read Replies (1) of 10934

TA: Since November 2000, NTAP has been unable to sustain any move over its 50-day moving average. That's the top of the trendline; currently at 11. I made the mistake of not lightening up the last time we hit that declining average, at 16. siliconinvestor.com I have to decide whether to unload my 2003s if we hit 11, or hold out for 16. The last 3 weeks has the feel of a bottom (at least an intermediate bottom, which will take several months to take out). I need to do some tax-loss selling before year-end, but I have some EMC shares I bought at 28 and 22 which will work nicely for that (ng). Any particular reason NTAP is up, other than random volatility? I haven't heard any good news or analyst upgrades lately (remember what those are?).

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