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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (48713)8/15/2000 9:13:30 AM
From: Doppler  Respond to of 63513
 
It's down to 82+, right at PnF support, although I wouldn't be surprised to see it go down to the mid 70's.



To: wlheatmoon who wrote (48713)8/15/2000 9:24:30 AM
From: The Phoenix  Read Replies (2) | Respond to of 63513
 
NTAP is indeed getting pounded - another sell on the news. After reviewing tradional valuation matrics (as many are looking closer into these days) it appears that NTAP is still trading twice is 2001 earnings growth... probably too high for a $1B company.

OG



To: wlheatmoon who wrote (48713)8/15/2000 9:45:50 AM
From: John Pitera  Respond to of 63513
 
NTAP's order backlog was going down, that and selling
on the news seems to be the situation.

---09:29 ET Network Appliance (NTAP) 90 3/4: Slides to $84 in pre-market trading after company reports a-penny-better earnings of $0.09 a share, but delivers somewhat disappointing backlog.---


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