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: Ibexx who wrote (5841)	4/20/1999 11:16:00 PM
From: mauser96	Read Replies (2) of 17183

The sharp move down to the 94's today had all the hall marks of a single institutional manager that felt he just had to follow the pack and buy something like Alcoa. I followed up last weeks $112.5 EMC purchases with some more at $94.75 today. I was impressed with the CEO remark on CNBC that EMC stands to benefit from "all the major trends in technology today". Thinking of adding to my Intel (on good support, cheap) and possibly an initial QCOM tomorrow, even though I think this correction has a way to go. SEBL and CTXS reported great earnings but it hasn't helped their stock much. I assume that stock price eventually will follow company performance, or does this make me too old fashioned in this day when stocks seem to do best on no earnings, supported entirely by a story and hype..

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