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Technology Stocks : Network Appliance
NTAP 114.72-0.9%3:59 PM EST
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To: Boplicity who wrote (6172)2/7/2001 5:11:03 PM
From: jmanvegas  Read Replies (1) of 10934
 
Greg: Remember back when "they" said QCOM would not go to certain levels and fill the gap at 60. We all know what happened. Look at the EMC chart. When the NAZ tanked to 2300, EMC filled every little hole. Who would have thought that EMC would trade down to the $52-53 range at that time, but it did. And those holes were finally plugged up. It's amazing but it happens. In addition, companies that have beaten the Street and have raised forward guidance or see no slow down in their business have all had their stocks suck wind after earnings. So I'm not so sure earnings matter here for NTAP unless they absolutely annihilate the projections. Sure, there will that pop but folks who bought in the 50's or higher will be selling into that strength since they're underwater. Unfortunately, what we have is a trader's range bound market.

And for all those lovers of AG & the Fed - they royally f**ked up so bad that it is a shame. The amount of pain that most investors have suffered because of this hack is unfathomable. I'm sick and tired of all the accolades that AG gets. He has politicized the Fed and he is a screw-up. When you start hearing Lou Rukeyser and others criticize the hell out of him, you know that AG has lost a lot of respect in many quarters of the financial marketplace. I'm not saying that stocks weren't overvalued and we needed a correction. What we have witnessed via the Naz is 1929. Sorry for the rant. Good luck all.

jmanvegas
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