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Technology Stocks : Network Appliance
NTAP 109.28-2.0%Nov 26 3:59 PM EST

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To: Smartypts who wrote (3172)4/26/2000 8:45:00 PM
From: Jack Hartmann  Read Replies (1) of 10934
 
SP: Much of the recent rise and fall seems to be from momentum and profitaking. There has been some institutional selling per insidertrader.com
No news really to cause many long term holders to sell.
EMC has one of the worst ratings and NTAP is right behind them FWIW in my DD
Not sure what you got.
Both will eventually benefit as y2y revenue and EPS increase at a rate above the broader market. Yesterday's action show the interest and volume is there. Today was probably profitaking by some short term traders.
I remember many of the profitable tech stocks took about six months to recover from the 1987 crash. Probably the same here.
Jack
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