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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nichols who wrote (11178)11/2/2000 12:56:14 PM
From: Murrey Walker  Read Replies (2) | Respond to of 65232
 
Nichols...don't know if you've kept track of NTAP, but it put in it's high not too long ago. Right now it has a pretty good haircut.



To: Nichols who wrote (11178)11/2/2000 1:24:35 PM
From: Boplicity  Respond to of 65232
 
I think storage took the hit, and is already in recovery mode. NTAP is being hit by what EMC is doing and the price is mighty high. But over time, NTAP will base then continue higher, how fast that happens and if it will happen will be addressed on the 14th.

Everyone will be happy if INTC pulls a MSFT like it looks like they are going to do, if not, then back into the dumper we go. What we need now is some selling to test the recovery, then move higher during day with a close that is positive. After Friday maybe Monday would be a good day to have a test like that. I rather see another day like this one appears to be going happen Friday to repair investor confidence. Still, one has to weigh what is happening to economy as it slows, and how it applies to sectors and the market and how dampens earnings going forward. This is not your market anymore, it's your fathers market redux. <g> So it will not be easy.

Greg