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Technology Stocks : Network Appliance
NTAP 115.99+1.1%3:59 PM EST
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To: DownSouth who wrote (3072)4/12/2000 11:24:00 AM
From: MulhollandDrive  Read Replies (2) of 10934
 
Hi DS,

I think I remember a little while back you said that you thought NTAP would beat earnings by a penny. Seeing how the market has been reacting to stocks like ETEK that have nearly 100% YOY growth rates, we should still have some concern if NTAP "only" comes in one cent over the consensus estimate. Now I realize that NTAP has already been severely hammered in this market, and really hope that the excess will have been wrung out by earnings, but I'm a little skeptical that we will see any recovery if NTAP just comes in as generally expected.

On a technical note, one thing I have also noticed is that the selling in NTAP has been on higher than average volume. Usually that implies that there is something "negative" out there and the retail investor is the last to know. I wouldn't go as far as to to say this is true with NTAP considering it was one of the "higher flyers" in the NAZ, and like the ole' saying goes the bigger they are, the harder they fall..There were some seriously "big" gains to be booked if you were a seller of NTAP in the 70's, 80's & 90's.

On a more positive note, when you hear bearish comments coming from the bulls (I've been in mostly lurk mode scanning the threads and they are everywhere) in the past it's been a pretty good indicator that we're at the bottom.

Let's hope this time it's not different<gg>

bp
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