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To: chic_hearne who wrote (7216)3/19/2001 3:40:06 PM
From: Cirruslvr  Read Replies (1) | Respond to of 10934
 
Chic - RE: "You still long NTAP? It's coming into my buy range. If the general markets were anywhere close to a bottom, I'd be a buyer here. But since we're no where near a bottom, i'd guess NTAP has quite a bit pain left. I'm a buyer in the high single digits, depending on how long it takes to get there and what the general market and economic conditions look like at that time. That's still a rich price IMHO at about 3x sales at $10."

Yeah, still long and holding. I added at ~$78 and then at ~$38 to add to my original position which is still green. As of now, I have no plans to sell...

Halfway through its Q4, I don't think it is out of the question for NTAP to warn, so looking just at the stock, who knows if its near a bottom. Looking at the market, it seems like there is still a lot of space to go down even more, so I bet the stock hasn't hit a bottom. It's saying quite a bit if you, Mr. Crisco single digits, would be a buyer at this level. ;)

I'm surprised you tried to play INKT considering your viewpoint of those kinds of stocks! I'm out of AMD as of today and will keep the cash until market looks somewhat better. Looking at SEBL and "Crisco".