OVERSOLD: P/E 32 this is not a Utility, its a GROWTH STOCK not your father's OLDSMOBILE, not a coal burner, not a Procter and Gamble, not your old industrial stock portfolio model, this is outright THEFT at these prices. Such Insanity, the only question is: WHO IS BUYING UP NTAP? Who is buying up America on the CHEAP? Think about that. The Japanese are dumping equities because they have bank reforms that require marked to market valuation for today's due date, and that is why the Japanese are buying US DOLLARS, the dollar is obviously overvalued, so in reality all US DOLLAR PRICED STOCKS ARE UNDERVALUED, that is in dollars, in cheap foreign currency their values are still not as low as you would think, comparatively they are where they were a year ago, because foreign currencies have also fallen in value compared to the US DOLLAR. OIL is a commodity and a currency and finally correctly valued (between $20 and $25 was my prediction of proper valuation model) it is now $22 per Barrel but just fell from $35 per barrel....that is in US DOLLARS. But anyway that you cut it, NTAP at a Price to Earnings ratio of 32 is reidculously oversold. But someone is BUYING and WHO IS IT? WHo is BUYING UP AMERICA? I am a buyer and holder. BUT WHO ELSE? When others sell, market makers buy, but for WHO? This is going to be quite a sharp V bottom after all, and that means a steep RISE as well, perhaps all the way back to $152 and beyond. That is what I call THEFT and one hell of a great ROI RETURN ON INVESTMENT.
I am,
Truly your$,
-Crystal Ball |
