FAST MONEY: REBOUND AFTER FALSE RUMOR: Network Appliance NTAP is not Netopia NTPA. I anticipate a fast and furious RALLY FOR NTAP on the CORRECTION: Article for Network Appliance Inc (NASDAQ NM:NTAP)10:04 AM which confused bad merger news of Netopia NTPA with NTAP by SPELLING ERROR:
CORRECTED - Proxim, Netopia end merger accord, blame market conditions
FRIDAY, MARCH 23, 2001 10:04 AM - Reuters
In SUNNYVALE story headlined "Proxim, Netopia end merger accord, blame market conditions" in first paragraph
please read ...Netopia Inc. (NASDAQ NM:NTPA)...instead of...Netopia Inc. (NASDAQ NM:NTAP) (corrects stock symbol). A corrected version follows. etc etc.
<http://www.bigcharts.com/news/articles.asp?newsid=776808680&symb=NTAP&sid=15729>
This false rumor knocked NTAP down over $2, it shoud rebound quickly, even today and go over $23 or so.
I am,
Truly your$,
-Crystal Ball
Same thing already with PALM which had a false rumor that its growth was ONLY 40% , a number most flat line companies would die for, PALM already on the rebound, since this false news was corrected, guidance is that PALM also will have much higher growth, which I beleive justifies a price of $45 in the near future and return to $65 o $68 high. |
