With the chart on NTAP looking pretty broken, the high valuation and possibility of hearing the dreaded "slowdown" talk at earnings.....I think alot of folks are waiting for earnings, simple as that.......earnings will dictate which way ntap goes....it either deserves it's lofty valuation or it doesn't, and we will find the answer soon.....with that in mind, I still think if your buying for the long term, and a short term drop to $20 won't bother you, ntap is a great company and in a few years $45 will seem cheap....but since I am, and have to be worried about a possible drop, I am awaiting earnings and will see what ntap does.......I'd rather pay a few dollars more and feel better about it, after earnings IF it looks like NTAP is firing strong on all cylinders, then buy now at $45 and then have a bombshell dropped which could drop this baby like a rocket considering it's lofty PE....
Again, I love the company, I just dont know if current valuation is justified, not enough, or too much...and only earnings will be able to answer that.
As far as Merril stepping up to bat for NTAP...listen, we all know the houses play their games....manipulation and fud are their specialties. Merril is Long NTAP, naturally they defend it...if they were short, or wanted more shares, you would not hear a peep out of them. Lastly, who cares what CSFB says ...Or Merril says........listening to the analysts will only get you in a heap of trouble most of the time....for every ANALyst that loves stock abcd their will be another that hates stock abcd...both will give good reasons to back up their opinions.....so none of it matters....the only thing that matters is company execution and how the street perceives it as per their valuation. |
