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Technology Stocks : Network Appliance
NTAP 119.14-0.2%3:59 PM EST

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To: JakeStraw who wrote (9797)1/11/2002 8:29:01 AM
From: William B. Kohn  Read Replies (2) of 10934
 
I mean the stock is only trading at 115x 03EPS mean estimate. It isn't ahead of itself in any way.

NTAP is a good company, it just isn't that good. It's competition is now aware of it, so it won't have as easy a time, spending is down, and the economy while everyone is sure it will go into another boom next month, is still full of uncertainty. That plus the fact the market may be near a TA top and probably will make a decline below COMP 2000 are compelling reasons for me to be short at this time.

Good luck to all
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