No, I don't expect NTAP to break above the 200DMA tomorrow, either. But I find it useful to do contingency planning, to decide what I'll do if the second-or-third-or-fourth-most-likely scenario happens. Because a fair proportion of the time, they do end up happening. And often, considering those scenarios makes me change the "Plan A".
For now, I do nothing. I've decided not to play any complicated option strategy. If we go down (below the 50DMA), I've got enough cash to buy more in increments. But that doesn't seem very likely; so many tech stocks are ignoring bad news. AMAT's recent report and CC were not particularly encouraging, but all we get is a teeny dip. And, although no one but me liked what NTAP said in their CC, this little blip down barely shows up on the 1Y chart.
At the present rate of convergence, those two moving averages will meet in 2-3 weeks, so we don't have long to wait for a decision. |
