NTAP: from $6 to $17 (Who forgot to buy LOW?) to $25 (USB WARBURG recently) to $50, to $100, to $152 high. It will happen, those of you that followed my lead and doubled down are already ahead. As the economy recovers, and this will be the worse quarter no doubt about it, the market will recover 6 months to 9 months ahead of the economy and THAT MEANS NOW. As NTAP doubles or triples its earnings (BACK TO WHERE THEY WERE) the P/E ratios will be half to a third of what they are now, same with the growth, EPS GROWTH. Tonight we will get a better look at the managements' projections "LOOKING FORWARD" i.e. visibility, but remember the rule of thumb: the markets recover in anticipation and well ahead of the economy. Greenspan finally will lower rates to OPEN CARRY below 2 year treasury rates which will finally allow for an expansion of liquidity (growth of money supply) as banks can buy treasuries to cover their federal reserve loan to reserve ratios, and then borrow the money out on loans, cheaper, and get the money coming back as deposits, increasing the money supply by the so called multiplier effect. Today my past predictions in this regard finally come true as we will see starting at the close of business today. IMHO NTAP is still low, still a strong buy. Storage is the lifeblood of the new economy, much needed to win the war, and to beat the recession and pull us into the future recovery.
I am,
Truly your$,
-Crystal Ball |
