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: John Carragher who wrote (6690)	6/10/1999 2:49:00 PM
From: TigerPaw	Read Replies (3) of 17183

Holding it down Four or five years ago a number of mutual funds bought stocks in the computer sector like Dell, CSCO, and EMC. Normally they would allow 1/2 % to 1% of their assets to be tied up in any one company. The stocks took off, The funds kept holding so long as things looked good. Now these few companies make up 5% or so of asset value, out of line with normal parameters. The Y2K was taken as an appropriate time to rebalance their asset portfolios. They are selling millions and millions of shares to get back in balance. It's not so much that they are keeping the stock down because the want it down. They have such a low cost basis that it is still profitable to sell here, and sell they do. Every moring huge blocks. Some day (I don't know how many shares they still have to get rid of) the selling will stop because the funds will be back in their historical asset balance and not because of any news or worry about interest. Then the stocks will resume their natural course. TP - IMHO

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