EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: dennis michael patterson who wrote (3602)	1/6/1999 9:44:00 PM
From: SJS	Read Replies (1) of 17183

Not true at all, Dennis. Look at CSCO recently. They retraced to the low 90's, and was a better (relative) buy. Most of these guys surf the upper band, but when they pierce it, they retract. EMC behaves just like that. I bought my stock on DEC 2 at 77 or so. Today it hit 95. BIG move. What I think woke up the sellers was the pierce. Remember, we were DOWN on a monster UP day for EVERTHING else. That's NOT like EMC. We run with the tide, not contrary to it. PS: If EMC moves back up, my long stock and short puts both win. If it moves down, I get to buy stock again cheap, and the stock I sold at 89 15/16 is already in the "bank".

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