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Technology Stocks : Network Appliance
NTAP 117.28+1.1%3:59 PM EST

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To: mtnlady who wrote (6145)2/7/2001 2:34:31 PM
From: Robert New  Read Replies (2) of 10934
 
The last support was at $40 and until the dust settles I'd stay away from the shares. The low 20's area appears to be the next area of support. Dont think it will go that low however, given that earnings are due out tomorrow night the analysts seem intent on bring down the techs with high p/e's for the most part and I'm sure there will be some negative spin to be found. I'd rather hold off buying here until its apparent the bottom is in even if that means missing a couple of points. The next couple days will indeed be interesting.
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