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Strategies & Market Trends : MP - Market Pulse

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To: John Madarasz who wrote (1008)8/1/2001 10:22:02 AM
From: HairBall  Read Replies (4) of 1328
 
John M: You want to see a distribution price markup that begets volume check out NTAP's open today with a 15-min chart. I've been net long NTAP since it broke to the norm which was up and out of its falling wedge last week. To protect my profits I always trail stops, especially since I have been looking for a retrace by the COMPX.

However, my stops have not been tagged yet, but I am moving the stop loss up to 15 this morning. I can live with 10.5 to 15 in less than a week.

Edit: Since the price continues to rise, I've moved my stop up and will continue to do so trailing it close.

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Analyst says Network Appliance may miss her revenue targets
(ON24, 07/31/2001 20:47)

A Goldman Sachs analyst writes, 'Although we have been forecasting revenues below company target of around $225M, we think our estimates of $218 may still be too high.'

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Regards,
LG
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