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: DownSouth who wrote (7408)	8/10/1999 2:51:00 PM
From: JRI	Read Replies (2) of 17183

DS- Certainly, you have looked a little wiser than me today.....I thought the hard down (in the morn) yesterday was the extent of the market's reaction to the merger...so I bought for a short-term trade at 56 1/16 yesterday...obviously, today, a little more nervousness crept in...plus, all quality tech stocks getting nailed on fear on higher rates....but... I still think I will make money (on this short-term trade) over the next week...and we will see 60... Naz (an hour ago) was down 15% from all-time intraday high, Dow testing 10500, interest rates highest in a long-time, some saying now (almost) two Fed hikes priced in....IMO, sentiment will not get much worse here before a turn... we may have seen the bottom (near-term) already... After reading several postings (and articles) on the merger, I am even more confident about EMC being able to pull this off.......Dead money for 6 months?...poppycock....try 80 by Feb......we'll be checking back in with each other, I'm sure...good luck to you....hope we both win (with our investments)

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