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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: Robert New who wrote (79625)	7/7/2001 3:34:40 AM
From: American Spirit	Read Replies (1) of 99985

EMC - in their business, storage, companies can put off paying but eventually have to pay. Storage is mandatory in the long run. At $21 EMC has to be a bargain. Then again if it goes lower I will lose money. But remember Monday may be a totally different market with the chiefs back on the job. Longterm anyway EMC is a very good bet from here. The 8 point drop today has priced in a ton of pessimism. It's been cut in half this month and it's got close to a monopoly in storage. At least it's clearly #1. Same with NOK in cell phones. Cell phone use is still growing dramatically even through growth rates have slowed recently like in most sectors. Hey bottomline, when we rally next both these should spurt back. A bad day to be bullish on anything but then again maybe the perfect day to buy. I'll buy into any more sell-off but I know, the market still suckeroos. And so do some of the warnings.

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