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


To: gingersreisse who wrote (4914)11/11/2000 7:37:20 AM
From: riposte  Read Replies (2) | Respond to of 10934
 
TheStreet.com mention of NTAP, EMC as overextended.

Not the way I want to start my weekend...

[SNIP]

Ted Murphy, president of MarketPlayer.com, says there are several other stocks that look ripe for a fall on the same basis. He points to two stocks that, also in 1997, started trading far beyond their historical norms relative to analysts' growth estimates. EMC (EMC:NYSE - news) and Network Appliance (NTAP:Nasdaq - news) -- both in the storage arena -- "are extremely extended on their historical
norms," Murphy says, adding that he "would look for a retrenchment over the next 12 months" in both stocks.

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FULL TEXT @
thestreet.com