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To: ivernia who wrote (2680)3/15/2000 10:16:00 AM
From: Lynn  Read Replies (2) | Respond to of 10934
 
Dear ivernia: I can find nothing to account for NTAP's drop and indeed, as I write, NTAP is heading back up, now at 181 1/16. [Edit: NTAP is now up over a point]

If you purchased your shares as a long term holding, my advice is to relax and try not to watch NTAP today (or for a while). Maybe you suffer from the same malady I do when it comes to buying stocks: the day I buy, the stocks heads down. Last year when I added to my JDSU position, I added shares at 269 [pre split]. Guess what! JDSU tanked, was down kissing 200. Although I was kicking myself for adding those shares at a higher price than I would have had to, I was not questioning my decision to purchase those additional shares.

Maybe go out for lunch with some friend or, depending on where you live, get outside and do some pre-spring yard work? When the market tanks (or is in bear periods) or a large holding drops a LOT, these are some of the things I do so that I am not watching the market.

Regards,

Lynn

P.S. I'm running into Schwab to move the remainder of my NTAP shares to the Roth.



To: ivernia who wrote (2680)3/15/2000 10:16:00 AM
From: MulhollandDrive  Respond to of 10934
 
I picked up more shares to trade at 170-ish to trade this a.m. NTAP shake outs are great to trade.

bp



To: ivernia who wrote (2680)3/15/2000 11:12:00 AM
From: hospitalman  Read Replies (2) | Respond to of 10934
 
My thoughts
1. this is a reminder to us that stocks don't always go up.
2. stocks that go up dramatically can go down dramatically
3. did we buy this stock because we did our homework and liked the story or did we buy because it was "hot"?
4. Good story stocks will come back. NTAP is a good story. It's technology hasn't changed, it's revenues will double each of the next 2 years (and I bet that is conservative), and investors will come back and buy.
Ken



To: ivernia who wrote (2680)3/15/2000 5:32:00 PM
From: DownSouth  Read Replies (1) | Respond to of 10934
 
Ivernia, sorry about your ill-fated shortterm timing.

The thread has nailed what is happening. The Datek margin rules and a mis-interpretation of DW's comments added to a downdraft in the NAZ.

We are paying our momo dues.

I told y'all not long ago that you needed to decide then if you were LTBH or a timer because this week would happen sometime.

I am holding and considering options plays. I am expecting a bang up quarter. (shhhhhhh)