Charlie,
This stock goes down begrudgingly. It's last bout in the mid 40 was only brief. I enjoy occasional opportunites to day trade this stock, and if you look at it's daily range, you can see a risk-reward ratio is in favor of reward. It moves typically over a 2-3 point range on most days.
From it's trading paradigm, a lot of people daytrade this stock. I see many 5000 share blocks, scalping 1/2 to 1 point per day, or more.
However, the first time EMC ever warns or even hints, the party's over. They won't be Cinderella anymore. Let's hope that day is far away, although they've set some very tough goals at 30% growth this year. It's getting harder and harder to meet that due to general "tone" and issues globally. These guys, for as good as they are with their lead and strategic plan, are NOT immune to the same factors starting to show up on the radar screens daily at other companies in high-tech, and other segments.
Maybe I'm being a little conservative, or call it "more cautious optimism". I am a large fan of this company, but recognize nothing is a slam-dunk in the ST.
Regards, |
