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Technology Stocks : Network Appliance

NTAP 116.76

-0.4%

12:45 PM EST

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To: Elroy who wrote (9323)	10/16/2001 3:46:31 PM
From: Jacob Snyder	Read Replies (1) of 10934

At today's high, we've got a double off the (very) recent lows. We are right above the 50DMA, where every previous rally since the all-time high, has failed. Next sell order if/when NTAP hits 13. If I don't get my sell-prices on my 2003 calls, before year-end, I may sell them anyway, take the loss, and put the money into 2004s. Not sure if that would trigger the wash-sale rule. That is, are 03C20 and 04C15 options considered "substantially identical"? Probably an arguable point, and won't become an issue, if I don't sell any of the 2004s this year. Here's hoping. Everything I own is acting stronger than I expected, given the news. In particular, AMAT is up, even though NVLS said that bookings are "below the previous worst-case scenario". That's a sign of a bottom: nothing but bad news, but the stocks aren't going down any longer.

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