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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: vampire who wrote (4880)11/12/2001 2:24:29 PM
From: dwayanu  Read Replies (2) | Respond to of 99280
 
Anyone looking for a likely short, may want to check out NTAP. At 17.50, it's trading in way up in very thin air. No fundamental reason for the rise except storage sector, but NTAP said at a conference a week or two ago that "we are comfortable" with Q3 estimates. No guidance comments.

They report earnings tomorrow, Tues evening. Should IMO sell off sharply to low teens (it's range up until a couple of weeks ago), particularly if the Naz slides down into expiration.

- Dway

(I'm short NTAP from 15.60, any help knocking it down would be greatly appreciated <g>)