NTAP
First let me say....I love the company....long term, no problems.
I am not in it now as I bailed on the last run we had a few weeks ago into the 60's and 70's.....
My concerns are this...even in the low $50's, she is sporting a HEFTY PE. Now in a healthy market, I wouldn't concern myself too much, but in this market, one never know's. Companies are coming out with great earnings and getting whacked....companies post shitty earnings and go up.......Bottom line with NTAP is I feel at this point, it will do what Naz does. IF the bulls are right and we are in a solid uptrend throught the year, then I agree, don't wait too long, cause ntap will be back to triple digits. But, If naz falters.....if we stall at 3000....if we sell off in feb/march as usual.......ntap could fall a long, long way.
As I said, I love the company....but mr. market taught me alot last year. Big differance in loving a company, versus loving it's stock. NTAP is very risky in here...it could reward those buying now very handsomely, or it could treat them very, very rudely......ntap can drop to $15 as easily as it shoots to $100.....In this market, it may be safer to look at the lower pe, value play, high growth tech beaten downs....plenty of them out there....my concern is NTAP is not currently one of them, but may be....a couple months from now we could be talking about ntap being a value play here at $15 or $20...so for now...for me......I have no choice but to wait and see what ntap does...I cannot afford to buy in the $50's and watch it get chopped in half in the blink of an eye.....if it does, I'm onboard. If it flys without me, I will be thrilled for all that prosper, but I personally, will be cautious with this one right now......folks are releasing earnings and getting whacked upside the head...some pessimisim about not breaking thru 3000, greenspan not lowering enough and etc, etc.......better to be careful, then broke.
Good luck to all longs....hope to join the party again soon, but will wait it out for now....maybe a little taste if she drops much more, but just a little taste. |
