OIL is preparing for a OVERBOUGHT, the money, liquidity, is being stuffed in OIL stocks and is just preparing itself for a fall, talk about overpriced, just go down to you local gas station. My point being, energy does effect earnings of the alrge corporate customers of NTAP, but also the perception among consuming investors. Once the economy makes a complete turn around, and it will when OIL prices fall, and all those investors watch XOM and friends drop like a rock in a slick oil spill, they will also return those investment dollars to tech, particularly storage, especially as earnings return to the large corporate customers who "CHURN" up their budgets, purchasing plans on more storage out of NEED. Review the ON24 interview with NTAP "Warmenhoven" the "Churn" and future storage GROWTH is what is key, this area could be flat OR UP, not down, the bottom if you review his interview is clearly the only visibility in what otherwise appears as little visibility, and that is the key point of the interview. You can also access that interview at:
bigcharts.com\http2_mw
Or through the news links at:
bigcharts.com
Yes, I still see NTAP as exceeding its $152 high, not IF but WHEN, and that return on investment is huge.
I am,
Truly your$,
-Crystal Ball |
