Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mtnlady who wrote (8841)	8/2/2001 1:41:58 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 10934

>> the financial news (not the stock market hype) just doesn't support a long term buy right now. Allow me to offer a differing opinion. The current news indicates the economy has slowed to a crawl and that optimism is low. As I see it, that's the perfect time to establish a long term position in a company with sustainable competitive advantages. That's based on a holding period of years, however. Your definition of long term may be must shorter <gg>. Nice to see you on the boards again, ML. uf

To: mtnlady who wrote (8841)	8/2/2001 8:54:58 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 10934

re: I shorted NTAP awhile ago I tried that a while ago (puts, actually), and found I didn't have the stomach for it. Maybe you are made of sterner stuff. With this kinky go-go stock, a whiff of a rumour of a shadow of good news is good for a quick double. Yes, it'll all be given back when reality intrudes on the fairy tale CNBC tells us (every day all day), but I don't have the cajones to hold puts through 20%+ daily upmoves. If NTAP approaches the May tops (high 20s), I'll think about puts again. But, I've had more range-trading success (long and short) with more sedate stocks, who stay politely in well-defined ranges, like TXN (short at 38, cover at 30). QCOM hasn't been able to sustain any move over 65, since the February freefall, and their customers don't have two nickles (even borrowed ones) to rub together. What's your target for covering the NTAP short? Any stop-loss?

To: mtnlady who wrote (8841)	8/6/2001 2:36:45 PM
From: Crystal ball	Read Replies (1) \| Respond to of 10934

If you shorted you must have had a call last week when NTAP shot up 25% (32% during the day's high). This ability to bounce up 25% in one day, is volatility to be sure, but an indication that the market fundamentals, as opposed to the economic fundamentals (which are also good) show that NTAP indeed does have the ability unlike other tech dot coms that never had earnings, to recover its impressive 20 to 50 % earnings GROWTH and with it its high EPS GROWTH RATE going forward, which on ANY recovery, means a FULL AND COMPLETE RECOVERY to its PRIOR HIGHS, not IF but WHEN and these improved market and economic conditions just mean sooner, by Q1 of next year rather than next year from now i.e. Q3, that means a lot of upward movement is expected. I am, Truly your$, -Crystal Ball