If you shorted you must have had a call last week when NTAP shot up 25% (32% during the day's high). This ability to bounce up 25% in one day, is volatility to be sure, but an indication that the market fundamentals, as opposed to the economic fundamentals (which are also good) show that NTAP indeed does have the ability unlike other tech dot coms that never had earnings, to recover its impressive 20 to 50 % earnings GROWTH and with it its high EPS GROWTH RATE going forward, which on ANY recovery, means a FULL AND COMPLETE RECOVERY to its PRIOR HIGHS, not IF but WHEN and these improved market and economic conditions just mean sooner, by Q1 of next year rather than next year from now i.e. Q3, that means a lot of upward movement is expected.
I am,
Truly your$,
-Crystal Ball |
