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Technology Stocks : Network Appliance

NTAP 109.43

-0.2%

Nov 14 9:30 AM EST

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To: H.A.M. who wrote (3949)	8/13/2000 10:58:40 AM
From: Boplicity	Read Replies (1) of 10934

First it has to form the right shoulder which it is doing now, Friday it bounced of it's 50 day line. (I never said it was forming a head and shoulder anyhow, I don't like how sloppy it looks) When I made my call for the lower 70's I based it on failing to stay in the trend it established from the spring sell-off, the time of year and the fact that earnings are coming. It's a very small percentage of stocks that have gone higher after earnings. the stock has come from 8 to 100 in one year, it's time for a rest and base to form while the market sorts out the run it just had, much like the rest of the naz., throw in the increase in the level of competition shooting for NTAP space, you get stock that is ready for pause. Greg

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