I agree, something is going on here, someone (not me) knows something, and it has to be very good news. EMC and the Nas go sideways or down, and NTAP soars, day after day. This is not a random walk, not just volatility. My guess (and that's all it is), is that NTAP is making impressive gains, selling to enterprise customers, and taking market share.
I am just holding everything, and I still would if it was in a taxable account. The stock is in breakout mode. It stalled for a while just under the 200D moving average, then spiked above it and never looked back. No sign the uptrend is ending.
One idea would be to sell the first day we fail to set a higher high. Or use limit sell orders, set just below the previous day's low. Those last two clever ideas would have gotten you out of the stock at 11, 12, 16, and 19. Maybe sell the first week (rather than day) that we fail to set a new high. That would have gotten you out at 16, when we stalled for a while in late November. A better idea: Selling in increments, since the stock is getting ahead of itself, but there is no way to tell when the sharp uptrend abruptly turns into a sharp downtrend. And it will. I still think we need to bounce on that 200DA (still declining, now at 16.3) Again, I am doing nothing, just holding and watching. |
