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Technology Stocks : Network Appliance

NTAP 114.65

-0.9%

3:19 PM EST

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To: Vitas who wrote (9862)	1/26/2002 7:39:36 AM
From: William B. Kohn	Read Replies (1) of 10934

Not more than bickering. People can find the personalities of the individuals on SI by reading their posts. End of topic. As far as Network Appliance, I tend to agree with LG that we are getting close to a local top. From a number of TA people this week may start rosy, but Feb is expected to be a very rough month for the markets. Given NTAP's high beta I think we can safely assume it will be exaggerated on the downside, as it is often exaggerated on the upside. Many expect the swing day to be Wen. As for myself, I will be selling my long NTAP positions early this week, and then looking to short both EMLX and NTAP. I believe that EMLX may get to the 20's and NTAP just under $15 in Feb. On the long side I am hoping that we see $22-$23 before Tuesday's session ends. Bill

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