To: stomper who wrote (9060 ) 8/29/2001 2:03:29 PM From: Crystal ball Read Replies (1) | Respond to NTAP up today amid NASDAQ/DOW tumbling is a good sign. My point is this, there has been so much news from NTAP and its partners, some reported here, but the key is obviously that NTAP is on the move, it is not asleep at the wheel, it is moving forward and positioning itself to capture even more market share, which will happen with amazing speed and strength upon the general economic recovery. These kind of corrections, usually are V shaped, but let us all face it, this one is not, however, the recovery is almost always straight up. The history is that over the last 75 years the major upward market moves occurred during ony 40 weeks, that is 40 out of 3900 weeks. Less than 1% of the weeks. Timing is everything, but, you can not time the market lows or highs, you have to stay invested. My point is, so far the correction remains in an oversold position, once there is earnings recovery, the same P/E multiples will cause many companies, like NTAP to take off like a rocket. Double earnings, should double or more so, the price of NTAP, and in an earnings recession, coming out of it, doubling or tripling earnings is an easy thing to do. Look at the CSCO news, NTAP said the same thing during their recent conference call. The market zoomed upward for CSCO, but I beleive Warmenhoven (NTAP CEO) that Storage will lead the Techs in the recovery. One must stay invested to reap the rocketing profits. Many have critiziced my hype the last week, but I am just reminding people of the historical facts, you had to be invested during those 40 weeks out of the full 75 years to make big money in the market...anyone want to chicken out now at the last moment? My critics, those well known SHORTS think I should be quiet, they do not want to risk covering their shorts and losing their shirts, we all know who they are (and I admit, I love NTAP and PALM too, what a criminal I must be to love these great companies----at least to the SHORTS) This week or next are more and more probably that 1% week that you need to be invested, or chase your lost profits all the way back up to previous highs. That is the Greed and Fear that History should make us stay invested for the long term. Hindsight for shorts, yes, if we all had such perfect hindsight we all would have dumped the whole darn market wouldn't we. Some did. But maybe some of those short sighted shorts will also totally miss out on the recovery rally, which could happen in any given week. Until then I buy and hold and buy some more, because history says it will happen.
