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Technology Stocks : Network Appliance

NTAP 109.43

-0.2%

Nov 14 9:30 AM EST

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To: Jacob Snyder who wrote (10196)	5/31/2002 12:24:57 PM
From: Wyätt Gwyön	Read Replies (1) of 10934

i reshorted the Semi Holdrs (SMH) at 39.60, after covering yesterday at 38.08. i covered NTAP yesterday at 12.90, but i am still sitting on my hands a bit here. i'd like to see a pop over 14, and maybe a run at 15 (where i last shorted it). these oversold rallies on the tech indices have not been too impressive lately. i don't know if that means another big leg down is needed before we get a rally (like the one that bounced NTAP up 25% in one day several weeks ago). ideally, i'd like to see a big rally like that before getting heavy on the shorts again. i remain short a number of the financials, such as JPM.

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