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

To: vampire who wrote (4904)	11/12/2001 3:01:40 PM
From: Rich1	Respond to of 99280

I am holding some NTAP and would love to add some at $11/12 which is aroudn the 50 DMA.. Dont think I will get it but never expected JNPR to be under $10 and it was there...

To: vampire who wrote (4904)	11/12/2001 3:34:51 PM
From: dwayanu	Respond to of 99280

Dunno why you would short a stock that has such great momentum - looks like street expects good numbers and guidance Exactly. IMO the good news (Q3 ok per expectations) and good expectations are already, now, priced in, a pre-earnings run so to speak. So where do the buyers come from next? How is NTAP going to exceed those expectations? Looks like an obvious "sell on the news" candidate. NTAP is a fine company, my choice as the best of the storage group. At worst, they are doing ok in the current business environment. I expect it to be one of my major long positions for the "3-6 quarter bull run" starting in December. But this is not at this moment, this week, a market that rewards "doing ok, doing as expected". Particularly if you buy into Zeev's major Naz weakness over the next 6 weeks, as I do. - Dway