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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: hamsandwich who wrote (12051)2/7/2001 4:44:48 PM
From: Marc Bourgault  Read Replies (2) of 17183
 
Thanks, it is very helpful in these trying times to look at these charts. And I agree with you that the stock is oversold. Should be one of the first to turn around and will fast go back near its high, in the event of a decisive upturn in the market. Could happen sooner than most think. From here, the market has nowhere to go (could retest the lows, near term, though). But the pessimism cant last forever and it will soon be looking for strong leaders to get out of that slump. Look at IBM and MSFT today. EMC, (and NT), are two good candidates to replace CSCO as a bellweather along with traditional stalwarts Big Blue and MSFT.
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