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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (26927)	7/28/2000 4:42:12 PM
From: im a survivor	Read Replies (1) \| Respond to of 35685

Scott, First let me say, I love NTAP. What bugs me is this market. You mentioned the 02 90's losing a large chunk today. They are around $30 or so, I believe. Anyway, as I said, I love ntap....what I dont love right now is the market. I mentioned this when ntap was beating on $105, and I'll say it again......the current PE, in the current market, makes it ...well it puts it in the bloated pig category. Now again, dont get me wrong...I love the company, but all technicals point to ntap and the market tetesting some support levels. NTAP was around $40. Currently, even after being deflated the last week, ntap could easily test $40 if the market stays in this mode. At $85 now...if things get worse, which I think they will, ntap just may go back and test that bottom again. I could be wrong, and again, for the third time, I love ntap and the storgae sector...but this is a very cruel market and ntap has a high pe, and is still up over 100% from it's recent bottom. Anyway, hope I'm wrong and hope ntap and the whole damn market shoots right to the moon, but my guess is the houses head fake it a little bit next week...get people to think we are back in rally mode and then boom....as the V-man says, they'll drop it like a rock and steal the scared retail shares. Margin level is high...lots of fingers on that sell button. V-man has never been more right when he talks about the houses manipulation. Anyway....just my .02 worth, which is about all I've got left to trade with. keith@iwishicouldstartthisyearoveragain.com