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Technology Stocks : Network Appliance
NTAP 107.32+3.9%3:59 PM EST
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To: chic_hearne who wrote (7252)3/22/2001 5:07:42 PM
From: Jacob Snyder  Read Replies (2) of 10934
 
Yes, premiums are very high on everything. A volatile market, and this stock makes 10% moves every day. At some point, we'll probably get a rally in tech like January, but who knows when? In the meantime, this stock has powerful downward momentum. If the market doesn't like the BTB, or the Japanese banking system freezes up, or NTAP warns, or an analyst downgrades the storage sector, this stock will be at 17 in a blink.

Still holding my AMAT short (shorted at 49), and bought TXN puts today at the close.
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