<<Given the large blocks going through on the buy-side on NTAP in the last two days, I doubt that "the Houses" are taking this one down. This is a level at which to buy, pure and simple.
The BRCD noise is just noise, and is irrelevant. Expect NTAP to be up tomorrow on today's regular close.
LoF >>
First, as I've said many times, I love this company....and whomknows, maybe we are up tomorrow....or maybe we are down. As to whether this is a level to buy, I think that depends on your time frame...if your buying for a long tern buy and hold, I think it's a good buy, but I would buy in slowly.......this market has proven one thing....if it has a lofty PE, it will be brought down. make me a list of companies that have avoided this....doesnt matter how well they are executing, 98% of all cmpanies with high pe's are being brought down. Why ? Because they can, and they ( big boys) will stock up at the bottom. I have no idea what ntap does near term....personally, I think it will react somewhat with the naz.....if naz moves upward, ntap should outperform to the upside...if naz continues this mess, don't fool yourself into thinking natp can't come down anymore...it can come down alot more...not saying it will, just that it is a possibility....this is not a healthy market. Who thought jdsu would hit $70, $50, $40......$30? Sunw moving to the $15 range and etc, etc, etc.......brcm 120 one day, $65 the next.........Heck, extr was a steal at $100, remember...a better buy at $80.....foolish not to buy at $60.....crazy to pass at $50....insane to not buy at $40....complete foolishness to not buy at $30.....and now where is it....lower 20's in AH yesterday and just like ntap, it is either going higher faster, or lower faster. Ntap is same as extr...both great companies, both executing well, both coming on strong within their sector and taking pieces of the pie from the bigger players....BUT, again...we were foolish to not buy ntap at $100, stupid to pass at $80, crazy to not buy at $50, insane to pass at $40 and now again here we are at 30ish....are we foolish for not buying now, or will we say the same thing when ntap hits $20 or below...not saying it will....but look at all the stocks I mentioned and then some....and they are all the same......" who ever thought we would see such and such price"...well, we are seeing these prices that we never thought we would see, so I think we would be naive to think there is no further downside....again, not saying there is more downside, only that I wouldn't be so quick to dismiss the possibility of more downside......I also see alot of new buyers at $60 and under....these folks are ready to sell and will sell on any appreciable rally........but then again, you would think some of those trillions of dollars sitting on the sideline would find there way into fine companies such as ntap, so for the long haul...no problems or worries....short term, there aint no telling what ntap does.....nothing is being sparred in this market, ntap included and that is in evidence by looking at the price/chart. An intermeeting cut, and this baby flys 20 - 30% upward in a blink.......JMO
Keith
Anyway, like I said, I love the company and if I was buying with cash for the long haul, I would buy now little by little, no need to be in a big hurry. I do think ntap is ready to move to the upside on positive news, rate cuts, naz rally and etc....and could move very nicely. BUT, If we dont get an inter meeting cut, if naz drops to 2000 or below, I seriously doubt NTAP is going to be shooting to the moon...in fact, as I said, they will outperform the naz on the upside, and probably on the downside as well...... |
