EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: JDN who wrote (3111)	10/6/1998 4:16:00 PM
From: Stephen	Read Replies (2) of 17183

From the price action, this puppy is looking sick. The thought is that all the high-flying 'blue chips' with high P/E's have to come down before the market will recover. Whilst I am far from convinced by this argument, perhaps enough people believe it. It then becomes a self-fulfilling prophecy (like the DJIA hitting 7400, or breaking it) ...... thats the only explanation for the current decline I can offer. I realise there are also thoughts about reduction in capital expenditure by many companies ... maybe this is another reason. Any thoughts ?? Good luck everyone Stephen

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