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: jhg_in_kc who wrote (7902)	10/21/1999 10:20:00 PM
From: Bill Fischofer	Read Replies (2) of 17183

Re: EMC outlook Fundamentally EMC is stronger than ever and this most recent pullback, like all before it, is just the latest in a long line of normal corrections. Long term holders ignore these things as they come with the territory. For those looking to initiate or add to positions, these pullbacks represent excellent buying opportunities as they seem to occur two to three times each year. Technically, since its October 5th high EMC has moved from its upper Bollinger band to its lower band. The 200 DMA sits around 58 1/4 and will likely provide very strong support should the lower Bollinger not provide a bounce here. The last time EMC touched its 200 DMA was in the depths of last October's panic bottom. Fund managers who are desperate to protect this year's gains will likely be rushing to repurchase names like EMC once their annual profits are safely booked. This seems to happen every October since so many mutual funds end their fiscal years October 31st.

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