Network Appliance Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Appliance

NTAP 115.66

-2.9%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jacob Snyder who wrote (7983)	4/20/2001 3:51:12 PM
From: SecularBull	Read Replies (2) of 10934

Jacob, your post is well-reasoned, but I am not sure that falling back and filling for a while is necessarily in the cards. I do see a retracement to ~$17 being possible, but this stock could also continue to accelerate upwards far beyond the recent trading range. This is especially true given the Fed environment. Shorts were fighting the Fed during the cut before the most recent, a mistake by historical standards. With the most recent cut, they got their greedy little selves unsuspectingly smacked around and burned. We've had enough rotation, and margin debt has dropped significantly to the point that most who own here are likely to hold for the LT (with some trading by traders). I would still be inclined to avoid optical and other telecom equipment makers for a while. The telecom picture is scary!! JMHO, ~SB~

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next