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To: Murrey Walker who wrote (8959)8/15/2001 9:17:43 AM
From: im a survivor  Respond to of 10934
 
<<Keith...I think the only way this will happen is for the entire market to tank in a big way. NTAP's momentum is headed in the other direction. >>

Could easily happen....after all, we still have october to look forward to....anyway....I have some shares, so if she takes off I'll be OK with that, or if she breaches $10, I'll be OK with that also and simply buy more.........



To: Murrey Walker who wrote (8959)8/15/2001 3:13:45 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 10934
 
NTAPs momentum is strongly down. That's the pattern since the 2000 highs, and there is no indication that pattern has changed: lower highs (latest rally failed at 16), lower lows (latest low below 10), failed on attempt to cross the 50D moving average (again). And the company just said
"at a bottom, but not an upturn". So, the company is currently at breakeven, and management offers no visibility on when that situation changes.

I suppose you could say the very-short-term chart (since the July bottom) shows an uptrend, but shorter-term patterns are less reliable than longer-term patterns.