Huge Short After Hours Trading NetApp Announces Results for Third Quarter Fiscal Year 2011

Date: 2/16/2011

Huge Short After Hours Trading NetApp Announces Results for Third Quarter Fiscal Year 2011. This will weigh on the "tech sector" tomorrow as we'll see increased pressure on the nasdaq 100. The stock overbought and it was a great short of the intitial report. Down $4 after hours, we'll cover and take the stock higher off the bottoms. Q4 EPS below consensus, revenues for NTAP where inline. Q4 $.49 vs .53 analyst expectation.

Big drop off the the earnings. Live stock market trading video and stock market commentary on NTAP after hours earnings miss. We shorted the stock on the initial report and it paid nicely.

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