Hi Dennis,
I agree with your short term prediction that next week looks rough. In fact, the worrywort that I am, I'm even worrying about whether we can even extend this rally thru the end of this week. I hope so, but I'm definitely not convinced yet. Anyway, I hope you continue to post because the number one problem with all these threads devoted to individual stocks is they get messed up by all these mindless hypester drones. Now I don't mean to offend anyone on this thread, as I think it's much better than the average thread on SI. Even when stocks are in serious trouble, the numbsters on those threads are saying stay long it'll go much higher right away, etc. They rarely preach caution, defense, common sense, the law of averages, etc. So please don't let anyone keep you away. Even stocks I love (and I do love emc) are better off when we hear all sides to the disputes.
As I said several times before I think emc will not fly away to monstrous heights like it did last year and before that so the game is how to play the ups and downs to maximize income. I think you understand that as well and I'm definitely interested in your opinion. Right now, it looks like emc is more or less back at acting like a typical hi-tech leader, moving in sync with the tech market. But we always have to be on the lookout for when emc may have some more "special" problems (such as y2k, hp, etc) as well as when the techs may correct. I suspect we have at least one more round of corrections to go thru, though I'm often too early or too late in my predictions. A lot hinges on the earnings report. Do you think they will beat by 2 cents as usual? |
