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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: Bill Fischofer who wrote (10064)4/30/2000 5:42:00 AM
From: JDN  Read Replies (2) of 17183
 
Dear Bill: As an accountant I certainly realize that "splits" are a mirror trick etc etc. But, you gotta admit, in general, THEY WORK!! One reason I believe is that responsible companies only split their stock when they believe the future is very bright and earnings are going to increase dramatically. A second thing is exposure, whatch CNBC screen and the trades going across the top. Obviously what you see is only a small portion of the trades, I guess taken at random, however, you will sit a long time between seeing EMC trades on the cnbc screen. To me that means that not a lot of volume of individual TRADES but more of larger individual trades since the stock trade volume in total has been ok. I think exposure is important. These are the only reasons I would like to see this stock split. Like it or not, its human nature to want to buy in 100 share lots and a lot of people can no longer afford to do that at EMC's current price. But, believe me I certainly understand the other side of the arguement. JDN
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