Greg,
Like all the rest of the market leaders, NTAP is a fantastic company which has been taken out and lynched, tarred and feathered, and then drawn and quartered. Down 50% in about 3 weeks. But, I must say I'm heartened by the bearish sentiment you've encountered. To the extent that this proliferates, that makes the turning point all that much closer. The market won't reverse until there is virtually universal capitulation. Until then, trying to make money on the long side is just too risky for my blood. So the only thing left to do at this point is to either go to cash and keep your powder dry, or look for short positions, or both. Other than possibly daytrades, anybody out there looking to trade the long side on the Naz will be taken out and lynched, and IMHO this will become increasingly true of the listed stocks as well.
But NTAP, MLNM, HGSI, CRA, and maybe CORR and MCDT will be on my shopping list when all the screaming and wailing is over.........
JMVHO................. |
