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To: SecularBull who wrote (7752)	4/12/2001 10:17:26 AM
From: JakeStraw	Read Replies (1) \| Respond to of 10934

SB, I guess we shall see...I currently see no reason or catalyst for NTAP to move significantly higher in the near term. So do you think this is a 1 qtr. miss?

To: SecularBull who wrote (7752)	4/12/2001 10:52:22 AM
From: John Madarasz	Respond to of 10934

I doubt that means a thing in the intermediate term. U.F. has the right strategy I believe...a good covered call program to generate income while the stock trends sideways/down with the economy and the market, and experiences extended counter trend rallies. $10 is almost a given at this point, then possibly the '98 price range. This latest week wasn't anything but weak handed retail buying and probably some short covering... volume didn't really lead price at all, not even really on the 60 minute charts either. stockcharts.com[h,a]daclyimy[da][pb50!a7.25!a7.66!f][vc60][iUa8,17,9!Ub14!Lc10!Lh14,3!Lf] FWIW Conigliaro from G.S. has been pretty on with her analysis, was calling for this warning, and projected 10-30% downside from the 4/4 prices of 11.50-$12. That's a downside in the range of apx.$10.50 - $8.25 and a 50% slide from yesterday's prices. If you truly believe that the economy is going to turn on a dime here in the next quarter or so, then you are justified in buying the stock at these prices. Unfortunately a mountain of U.S. economic evidence is growing daily that points to the exact opposite happening. Not to mention the fact that the current administration is now advocating a strong $ policy that will hurt exports for U.S. manufacturers. A growing source of revenue for NTAP is coming from overseas. That was a nice trade you made the other day, I think there will be the opportunity for a lot more of that in the short to intermediate term. There will be a time for a LTBH strategy here again, I just don't think that this is anywhere near that time. Have a Great Holiday, JM