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Technology Stocks : Network Appliance

NTAP 109.28

-2.0%

Nov 26 3:59 PM EST

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To: Bretsky who wrote (7101)	3/15/2001 9:11:42 PM
From: Boplicity	Read Replies (2) of 10934

Three months at least of tight sideways movement. Longer the better. QCOM formed a great base before it took off. The reason it's good to wait for base is overhead resistance. It doesn't take much to see that NTAP has drop fast leaving behind many investors that wish they sold higher, they will want to get out on any rally, you need to rid the stock of weak holders like that before it can begin a new uptrend. I can't remember where I mentioned it, but I believe NTAP will base between 17 and 10 after it breaks out of the downtrend. If you want to look at some stock that have broken out their downtrends already and have started the base building process, look at T, NVLS, KLAC, or even DELL. Greg

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