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Stupid Stock Move of the Day! EMC down?

May 24, 2012: 12:21 PM ET

Storage company NetApp (NTAP) is down 13% Thursday, making it the worst performer in the S&P 500. The company announced earnings after the bell Wednesday and its guidance spooked investors. Rival EMC (EMC) has plunged more than 5% on the news as well.

I don't understand the logic behind EMC's fall though. Many tech investors think EMC is gaining market share from NetApp. So the weaker guidance may not be a sign of corporate IT departments cutting back on storage, it's a sign that they may be shifting more to EMC.

A woman calling herself MinervasMomma over on StockTwits seems to think the move makes sense. She tweeted that "$NTAP implied that $EMC was weaker than they." But hedge fund manager Nicholas Pollari appears to agree with me. I also think it's interesting that EMC just acquired Syncplicity, a company that competes with Dropbox in the cloud-based storage market.

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Stupid Stock Move of the Day
#StupidStock Move of the Day! $AMZN up 3%. Rebounding with rest of tech. But with earnings Thursday, it seems risky to get too bullish, no?
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