Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (3953)	8/13/2000 10:10:41 AM
From: Larry S.	Respond to of 10934

Without commenting on NTAP near term fortunes, your comment about setting a stop loss at 83 (which is the same level Jubak posted) has some concerns. First of all, a stop-loss does not guarantee a price, only a market order if the trigger price (83 in this case) is hit. If the stock should open down sharply after earnings, (say 75), then your stop loss order would become a market order and you would get filled (or stuffed) iin the 75 area. Additionally, since Jubak mentioned a specific number, it is possible that others have entered stop loss orders at the same level. So if 83 is breached, there could be a major air-pocket as all the sell orders hit at once. just a caution. larry

To: John Madarasz who wrote (3953)	8/13/2000 1:44:09 PM
From: brownu88	Respond to of 10934

The problem with going with a stop like the 83 Jubak suggested is that it is almost like a dare to MMs to take the market down there and grab those shares. Case in point, NTAP went down into the 82s on Friday and then closed up in the 88s. Also, Brinker had set a stop for qqq that got taken out quickly on 8/3. I am always wary of the most public targets....

To: John Madarasz who wrote (3953)	8/13/2000 3:24:30 PM
From: H.A.M.	Read Replies (3) \| Respond to of 10934

I would not pay a lot of attention to Jubak's random short-term trading. Last year he bought NTAP for his MSN portfolio in May at (a split-adjusted price of) 12 and sold it in October at 18 using a stop-loss limit because he was "nervous." He said he would re-buy NTAP later on at a lower price. Thus, he missed the huge run-up. Then he bought NTAP again in March of this year at 92. So his re-entry point, which was supposed to be at a lower price, turned out to be more than 5 multiples higher than the price at which he sold out (92/18 = 5.1)!! Unfortunately, he bought NTAP right at the NASDAQ peak this year and rode NTAP from 92 down to the low 40s and back. And now he wants to sell at a loss if it goes down to 83. Isn't it just better to buy and hold companies with great fundamentals for the long term? (You can read what Jubak wrote last year when he sold NTAP just before its big run-up at moneycentral.msn.com Hisham