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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: LTK007 who wrote (79777)	7/9/2001 2:20:11 PM
From: American Spirit	Read Replies (2) of 99985

EMC going down further? I wouldn't bet on it. The damage was done Friday. Still anything is possible. But 13? Not unless the whole world economy collapses. Not unless IBM goes to $70. Very very unlikely. I'd get some perspective. This is also bargain-buying time. EMC is still one of the most dominant companies in tech land and at 26 PE now not the higher number you claim. But what good are PE's now anyway? It's all out of whack. depends on what's happening over the next year more than anything not what happened last quarter or even this quarter. Nice bounce on PALM today. Was very oversold. I like NOK here as well. ESHR takeover. Damn sold it last month. But could mean more takeovers like this in the offing. Those deals will definitely help the market because the bigger companies are clearly value shopping.

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