OUCH, with NTAP down almost $6, I am afraid to look at my portfolio as I have bunches of NTAP. Luckily, my cost basis is very, very low, but this drop from the $40's has not been a fun ride ;>)
On the flip side, NTAP is a solid company so seeing it in the low $20's almost makes me want to buy some.
If Mr. Market wasn't looking so ugly overall, I probably would have added on this large one day drop.
Anybody care to call a bottom on NTAP or an opinion on what would be a good buy point?
I myself would normaly say NOW is a good time to buy or maybe wait and see if it holds $20 and then buy, but again, not knowing what Mr. market overall is doing, makes it hard for me to make a call on this.
What I do know is NTAP is a good quality company. And normaly you buy quality when everybody else is selling it. What I dont know is how low Mr. Market will go or how low it will take NTAP.
Even with the lowered numbers, they appear to be doing well. Plenty of cash on hand as well......I think todays sell off is way overdone, but then again it could drop to $5 for all I know.
This market has no rhyme or reason to it. Some company's report awful numbers and go up 30% and keep going up. Others report stellar numbers and get beaten to death. Go figure, cause I sure cant ;>)
But anybody care to try to peg a bottom and a good time to add? |
