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 (5169)	4/3/1999 8:31:00 PM
From: Bill Martin	of 17183

Re: I do not believe it has ever been this far off its 13 DMA. Well, if you mean on an absolute dollar basis you're probably right. If you're looking at a percentage basis though (which I feel is more relevant), it's been this far, and farther fairly frequently. One caveat is that I'm using a 15day SMA. It should be very similar to your 13 DMA, but your mileage may vary .... Look at late October 98 for example, when the stock was at $60 and has pretty much gone straight up since. Even March 10 with the stock at $112 was very similar on a percentage basis. Go further back and you find others. Is EMC overextended at $129? Probably. Is it actually going to reverse though? I don't think so. Just slow down and churn a bit while the moving average catches up again is my best guess at the moment. Time will tell. Good luck ... Bill

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