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Technology Stocks : Network Appliance

NTAP 105.38

-0.2%

Jan 9 3:59 PM EST

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To: Uncle Frank who wrote (9703)	12/20/2001 12:31:27 AM
From: BirdDog	Read Replies (1) of 10934

I figured I might join you....provided you felt confident... Nobody is ever right about the short term. MrMarket is like dealing with an unstable psycho. You must learn how to handle him as such. It's just that with all that evidence. With the risk rewards of all possible outcomes. I think I was better off selling. I didn't hold QCOM this time (only time). I thought it didn't have the possible reward that ntap, sebl, and itwo had. Made nothing on itwo. Did pretty good on ntap and sebl. Also had some losses in my taxed account to use up with profits in that account. I am confident. Provided the information I was looking at. I am not going wrong in selling. If I am wrong. I think I can buy back in on Monday, or after, at not much higher price, if any higher at all. But the downside possibilities are much greater right now for the short term. Those chart patterns I talked about. They call for a reversal of trend. I didn't predict that. I think this market is too strong for a reversal of trend. But, I do think the result can be a pull back. If I'm wrong, this market is moving sideways too much to worry about the stocks running up quick from this point (especially the way they have moved up the last couple weeks). Then not comming back to this price? I think that is a low risk right now. Who knows what evil lurks in the heart of MrMarket? BirdDog's nose knows!

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