EMC, why does it keep going down? Message Board

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Technology Stocks : EMC, why does it keep going down?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Neal Bassi who wrote (76)	7/28/1996 12:32:00 AM
From: Donald C. Deaton	of 144

I've owned EMC for about a year and believe this is one of the great sleepers of the day--a stock Ben Graham and Warren Buffet should love. Too many folks seem to be sucked into the Wall Street frenzies of the day (MSFT earnings up 50% and the market gets spooked; IBM earnings trail last year's and its revenue growth is weak, and the "market" races back to buy.) C'mon, there are lots of people who are highly paid to churn the market and promote trading, and they seem to be working overtime. (Is it really an "efficient" market that drives a given company's stock up so many points one day and down as many the next? Not likely.) As for EMC, I've done financial PR for a lot of companies and read the reports front to back. EMC is one big company that got to be big in hurry, and there's growth to come. A) It dominates its market; b) "mom and pops" are no threat in a global market; c) would you buy IBM's for your company after its current Olympics performance? d) the storage market is absolutely exploding--there will be plenty for everyone, and especially for EMC. Most importantly, EMC is rated the No. 1 supplier to the computer industry for four or five years in a row. Grab this value while it lasts and sock it away for your kids. Every family should have a legacy like this in Dad's portfolio. On the other hand, my experience is that anyone who rushes to the stock table every morning and dies a thousand deaths shouldn't be messing with stocks, espcially sleepers like EMC. PS--For the record, I haven't listened to a broker for over 30 years, my large portfolio is still up 20% year-to-date after last week's churning, which I ignored, and the stocks I didn't sell in October '87 are doing exceptionally well.

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