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Technology Stocks : National Instruments (NATI) - Insight, please?
NATI 59.980.0%Oct 11 5:00 PM EST

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To: Jason M who wrote (137)10/22/1999 1:19:00 PM
From: KevinThompson  Read Replies (1) of 217
 
Personally, I hope it doesn't "pop". My objectives in this issue are steady growth. When an issue runs up big on news, it gets the attention of a lot of daytraders, which after the pop, will bring short sellers. I will be taking advantage of the dips and peaks, but holding and building a core position that I'm looking for steady growth in. Today's volume is real encouraging. I was watching a lot large buys go by at the ask. This says to me that plenty were waiting on the sides watching to see what happens after the earnings report. Looks like most have decided that it will go up from here. I concur. Also encouraging was that there wasn't a big run up prior to the report. (Again, another indication that most were sitting on the sides waiting to see what happens.) Now that the report is out and it confirms continued steady expansion, I expect it to move up from here.

A company like this that continually reports 22% quarterly earnings growth can't have their stock ignored forever. I agree, Volume is the key to price performance.

Best,
KT
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