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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST
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To: GVTucker who wrote (6868)6/28/1999 6:30:00 PM
From: mauser96   of 17183
 
I've heard that mentioned -sort of in passing without the stress you put on it. Could be, at least it makes some sort of sense but seems somewhat contrary to what company management has stated and also a rather short lived phenomena unless you believe the need for data storage is decelerating. If so, it sounds like a long term investors chance to profit from other investors short term thinking. Of course all that really counts in the short term is the perception , not the reality itself. Dichotomy between a company's prospects and it's stock price is common. However, I don't take market opinion lightly, and in this case it's getting harder to stay bullish. Price declines on little if any news makes me nervous.
I should have qualified my statement about New York and said something to the effect of a "disproportionate share of the money in the market is controlled by managers in the New York area.." I'll stand by that one. In any case sell side influences buy side. 60+ page institutional reports all have a kind of glossy similarity. Long on tables and pretty charts, short on original thinking.
There are always exceptions to the rule of poor performance by institutions. It's easier for a money manager to get good results if he isn't handling multi billions.
Despite all of the above, I still haven't sold any of my EMC, fortunately purchased at much lower prices. Thanks for the input. I see that we our stock preferences are not far apart.
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