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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (23156)11/1/2001 3:33:30 PM
From: BirdDog  Read Replies (2) | Respond to of 52237
 
...looks like it's mostly a big short squeeze...

Actually, the good news is out of the Wit Sound View conference. NTAP is expected to exceed earnings next week. While EMC fell short this quarter by 40% and doesn't see a turn around for a year. The analyst didn't give a price target. He said NTAP is way undervalued in light of it's show of strength in earnings and should be at $25. This company has so much short interest...I'd expect a short squeeze to shoot it up to $40+... In which case I would set tight sell stops to take profit.
I know this company extremely well. I don't go around pushing stocks. From what I know, I thought I'd do you people a favor. I know I've gained much by reading this thread. I just thought you people might like to know, look into it for yourselves, and perhaps jump on a safe IN TREND RETRACEMENT. Because I do know...MRMarket is flaky as all get out. I do admit I'm holding and setting loose sell stops in case MRMarket turns on us. Right now my stop is at $14.

BirdDog