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


To: Jim Willie CB who wrote (12253)11/7/2000 6:37:06 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
very big positive signal today
two powerhouses fell hard, I mean hard: BRCM, PMCS

two weeks ago the strong fiberoptic sector fell hard
then came the storage sector as it fell hard

today the awesome beast Broadcom fell hard
and PMC Sierra also today

PMCS down 35% in two weeks
BRCM down 20% today alone

I cannot think of another single sector or single stock left
the strongest beast just fell
excellent signal
/ jim



To: Jim Willie CB who wrote (12253)11/7/2000 6:45:54 PM
From: mtnlady  Respond to of 65232
 
Thanks JW. I think we will see 130-135 on this run. Retreat a bit then take off for the 140 range sometime after the earnings announcement (market factors will be important here although last time when NTAP went on a run they kept going up for another week even after the market was tanking.. so who knows). Back and forth consolidation-advancement until we exhaust ourselves (as per the NTAP norm) - perhaps in the 150-160 range sometime around Christmas/Jan. If we don't get any drop off between now and Tuesday .. well I don't have a clue (not that I have a clue anyway except it's a great company that was selling 'cheap' and their earnings were coming up). According to the 'true' NTAP experts this quarter is historically their strongest.



To: Jim Willie CB who wrote (12253)11/7/2000 7:36:17 PM
From: mtnlady  Respond to of 65232
 
NTAP "now coming up against a cluster of MovAvgs the 18dayMA, 30MA, 50MA lie between 117-120 last trade for the shares was 121"

I like it's chances of busting through with a day or two of rally to push us through. Already on the other side in relatively *bad* market conditions. A small rally here would help us not retreat and push us to the next level. Regardless... with NTAP it's just a matter of time (I'm just impatiently greedy that's all!).