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To: Boplicity who wrote (6901)3/9/2001 8:10:55 AM
From: JakeStraw  Respond to of 10934
 
GM, Yup, I've also thought that NTAP has looked real weak and had a good chance to test $25. It should be interesting (and telling) to see what the stock does at it's current level.



To: Boplicity who wrote (6901)3/9/2001 9:58:25 AM
From: SecularBull  Read Replies (1) | Respond to of 10934
 
Going for broke. Doubling down for what may be the last time.

This dip is completely ridiculous and irrational. Oops, I forgot that the market tends to get that way at the bottom.

~SB~



To: Boplicity who wrote (6901)3/9/2001 2:48:32 PM
From: Jacob Snyder  Respond to of 10934
 
The chart was (relatively) flat until October 1999. Then, the stock took off, and everything after that was froth, momentum guessers piling in, people who couldn't tell you what a P/S ratio is. I will begin thinking about a starting position in NTAP when it has given all that back, and is back to 16. The chart is in a "waterfall", there is no support. Buying now, as it has been for a while, means just catching that falling knife. Stocks spend as much time below reasonable or average or fair valuation, as they do above it. We've had almost 2 years where almost every tech stock was far above its reasonable valuation. Now, we're having the hangover from that wild party. I'd love to get some NTAP, when its valuation has undershot FairValue, as badly as it overshot last year. And it's looking like that's what's going to happen.



To: Boplicity who wrote (6901)3/9/2001 3:17:08 PM
From: im a survivor  Read Replies (3) | Respond to of 10934
 
<<p.s. What's happening in the market is an amazing turn of events in the high-tech sector, something this investors has never seen before. I'm worried what we are seeing day in and day out in the market is turning in to more then a inventory correction and a cyclical turn down to more of a secular change, that will take much much longer to sort out. Maybe my worry is nice sign of a bottom. <g> >>

I have similar thoughts....is this gonna be a two steps forward, three steps back kind of market....you know....those two steps get everybody bullish again...much moreso then the one step forward...then we take 3 big steps backwards......hey, who knows.....

As far as ntap is concerned.....I posted a week ago or so that ntap had broken it's support on the charts and looked to be going lower. I believe you questined/doubted me at the time...i responded that we should discuss it further, but never heard back from you....anyway...ntap and a host of others are simply falling apart in a big way......some see a quick recovery....i see it being years before this particular individual recovers.....but hey, I am also an idiot and buying this market....added to sunw at $18, so call me a fool.......



To: Boplicity who wrote (6901)3/9/2001 3:27:37 PM
From: John Koligman  Read Replies (1) | Respond to of 10934
 
I saw it back in '73-'74 when I started out. NASDAQ then was down 59.6%, and the DOW also crashed. Some interesting similarities in that the hot stocks of that time were the 'nifty fifty'. Once they crashed many never recovered. Doesn't mean this latest bubble will turn out the same way, but then again, last year when I was quite bearish I got an earful of 'it's different this time, this is the new economy'...

Regards,
John

PS - You will be happy to know that if we close near the lows today that this bear will take the crown from the '73-'74 one as the worst NAZ drop in the history of the index...