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Technology Stocks : Network Appliance
NTAP 112.48-0.4%3:59 PM EST
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To: im a survivor who wrote (5058)11/16/2000 3:16:18 PM
From: Uncle Frank  Read Replies (5) of 10934
 
>> Uncle.....you like NTAP in here in the mid $70's? ... Anyway, grabbed a little today thinking it could gap back to $100 on a rally.....any thoughts?

As you may know, I have a split personality <gg>. I'm a long term investor but I also allow my Evil Twin to do a little trading, so I'll give you a two part response.

uf sez: As an investor in ntap, I'm very pleased with my returns, even at today's levels. Since the enterprise is flourishing, I think there's no reason to be frightened by volatility. The returns on each of my purchases are as follows:

Purchase    Return as of
  Date        11/15/00
--------    -----------
8/5/99         477%
11/11/99       218%
1/4/00         102%
1/27/00         50%


ET sez: Bad trading strategy, dude. What's your rush? This POS hasn't established a bottom yet. There's no reason is couldn't drop to 50 in the next few days. If you're basing your play on a quick gap to 100, you're smoking funny weed.

Pick your answer depending on your style, Keith. Are you a trader or an investor?

uf
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