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Technology Stocks : Network Appliance

NTAP 109.43

-0.2%

Nov 14 9:30 AM EST

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To: John Madarasz who wrote (3953)	8/13/2000 3:24:30 PM
From: H.A.M.	Read Replies (3) of 10934

I would not pay a lot of attention to Jubak's random short-term trading. Last year he bought NTAP for his MSN portfolio in May at (a split-adjusted price of) 12 and sold it in October at 18 using a stop-loss limit because he was "nervous." He said he would re-buy NTAP later on at a lower price. Thus, he missed the huge run-up. Then he bought NTAP again in March of this year at 92. So his re-entry point, which was supposed to be at a lower price, turned out to be more than 5 multiples higher than the price at which he sold out (92/18 = 5.1)!! Unfortunately, he bought NTAP right at the NASDAQ peak this year and rode NTAP from 92 down to the low 40s and back. And now he wants to sell at a loss if it goes down to 83. Isn't it just better to buy and hold companies with great fundamentals for the long term? (You can read what Jubak wrote last year when he sold NTAP just before its big run-up at moneycentral.msn.com Hisham

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