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Technology Stocks : Network Appliance
NTAP 107.32+4.0%Nov 21 9:30 AM EST
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To: Jacob Snyder who wrote (9432)11/5/2001 11:40:31 PM
From: techreports  Read Replies (2) of 10934
 
Caveat: although I see nothing but blue sky above us, I see the same thing below us. If we go down, it'll happen as fast and far as we've gone up recently. Buying at these levels, would have to be labelled a GreaterFool buy, based on the hope that an overvalued stock will see more momentum money piling in, to drive it to even more overvalued levels. I wouldn't even consider adding more, unless we hit the 50DMA.

unless you plan on holding NTAP for the next 5 years, then buying at 17 wouldn't be a terrible mistake (i guess unless this recession lasts 5 years..?)
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