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

To: Steve Warkentin who wrote (4593)	9/26/2000 12:32:58 AM
From: DownSouth	Read Replies (4) \| Respond to of 10934

I see your point Steve, but, frankly, whent he stock was below 100 I believed NTAP was a strong buy. At above 140 in a few weeks, I can't call it a "strong" buy. Now after the next cc, assuming the numbers are good, 130 may seem like a "strong buy" price. When you have growth in revenues of over 100% per year and predictions of growth sustained at that rate in a runaway market niche, things happen fast. Moving from $70 to $140 so fast, getting the attention of the financial and technical press, being spoken of by the #1 pure play storage company (EMC), and being mentioned in virtually all of the articles about how big the storage market is going to be... Even with at trailing PE ration of almost 700, I doubt that others downgrade NTAP, unless something totally unexpected happens to the storage sector or to NTAP in particular. What will cause downgrades, like Wit's, will be another run up in the price. At some point these guys must say to everyone, "this price is so high, I can't advise you to buy this stock". These are the problems we investors like to have.