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Technology Stocks : Network Appliance
NTAP 107.32+4.0%Nov 21 9:30 AM EST
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To: Northern Marlin who wrote (9433)11/5/2001 9:43:06 PM
From: BirdDog  Read Replies (1) of 10934
 
Both of these charts seem to say to me that NTAP has had a great run and will likely stall at the 200 MA.

I fail to understand why it should necessarily stall at the 200MA?
BTW: I do see much support under us here. Although in this market, support and resistance doesn't seem to mean much. It's running on it's own.
As far as a great run. Do I err in discounting the Sept crash? It was expected to go down then rebound in Sept. Could have sold the open of the market after the bombings at $10.92. Basically, I discount everything under that as a "good run". This is just basic big disaster type of analysis for sept. Do you think I err in that analysis?

If not...Then it has basically bounced up from ~11. A 66% increase from there. Should we think that there are those getting in the market before the run up next year? Should we expect this run up? I really don't know? Most of it depends on what others think.

I'm just following up with loose sell stops. Leaving them alone tonight so they'd be a little looser tomorrow. Fed day always seems to be extra volatile. I don't know if that is right either.

This info of a strong earnings. Although almost nothing. Is strange to try to figure out what others are going to do.

BirdDog
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