NTAP is a buy today. The whole market is low, but all things are relative. I pointed out before BRCD earnings report stated how bad they had it, that they could not compete successfully with EMC in the same SAN storage space, and this was after the ANALysts upgrade it just days before, to try and stop NTAP which had a positive earnings report with NTAP's Warmenhoven having VISIBILITY that orders were picking up, customers and orders were n longer being deferred or lost but being WON and that the bottom was behind them as he saw STRENGTH INTO JULY and beleives that STORAGE WILL LEAD THE TECHS ON THE RECOVERY. Days later EMC took a dive and with it Brocade and then BRCD announces they can not see anything, why? because they can not compete. NTAP with NAS storage is the cheaper storage solution, so it should outperform EMC and the rest, and that is why this is all relative. What to buy, what will outperform, I still beleive it will be NTAP and that NTAP will recover beyond its 52 week high of $152. That's 12X today's price, but it will happen, not IF but WHEN. And so when do you buy and just hold, imho right now. Fluctuation is for daytraders, you can not time this market and they found that out the hard way. You have to be on board the train when it leaves the station to get to your destination. NTAP which just report, I predict their next Quarterly Earnings will be a surprise on the upside, beating the street, and every quarter thereafter.
I am,
Truly your$,
-Crystal Ball |
