SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (10012)4/13/2002 10:58:10 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 10934
 
NTAP TA:

The last 3 days in a row, we bounced right at the 200DMA:

stockcharts.com[h,a]dahlnymy[dd][pb50!b200!f][vc60]

This confirms, that that level is support, and the uptrend since the 9/01 panic-selling lows, is intact. If I didn't already have all I want, I'd be buying heavily, right here.

Given the volatility of this stock, if 16 is solid support, then the intermediate-term highs will get us to 25 or 30, which would probably be a place to lighten up (and for me to sell my 2003 calls).

This is becoming a BuyAndHold for me, and I've been very reluctant to place anything I hold in that category, for the last 2 years. I'll sell my 2003s, but I'm gradually coming to the decision to hold all my 2004s (240 contracts of 04C15, average price 2.84) till January 2004, exercise them, and hold for years.

In this just-ended rally, I sold heavily (others, not NTAP), so I'm how sitting on 20%+ cash to buy this dip. Hoping to get some more QCOM at 32.5 and below, JDSU (began buying last week at 5), CSCO at 14 and down, some others. My portfolio, more and more, is becoming a Gorilla and King collection, a transition I've been working on since I read the book 2 years ago. Slowly and cautiously, 2 steps forward and 1 step back, putting my money to work on the dips, very hesitant to believe the rallies.