IMO, NTAP looks strong, and has since 9/01.
Compare NTAP to some other charts. The good companies, the ones who investors think are going to come out of this downturn stronger, have stocks that are 50% or more, above their 9-10/01 lows. NTAP is in that catagory, and in fact has done better, since those lows, than just about any other company I follow.
Contrast that to the companies that investors are deciding are the Walking Dead: companies that are sinking under a mountain of debt, companies with dysfunctional corporate cultures, companies that are not nimble enough to adjust when the technology changes, companies who put out opaque SEC filings, so you can't tell what's going on (but suspect it must be bad).
So, I'm very happy with how the stock has done, since 9/01. Pretty clearly, that was THE low (not just A low, as with EMC, which set a new multi-year low today). If I didn't already have all I wanted, I'd be adding every time this volatile stock dips to its 200D moving average. The dip from 27 to 16 is just a little bit of volatility, within the longer-term uptrend. Don't sweat the small stuff. |
