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: VFD who wrote (3115)	10/6/1998 6:34:00 PM
From: KC	Read Replies (1) of 17183

Just a hunch but if you noticed the way the stock not only blew threw support at around 59 to 63 one week before the quarter ended in oct.I have a feeling that they not only made their numbers but probably exceeded them.. you also had the announcement that STK was showing 20% growth in Japan of all places....then you have the market and all those margin calls unwinding of positions by long term capital etc..buying dried up..but if you will notice this stock always came back at the close from the lows...inview of the statements management made about 35% growth they had ample opportunity to warn...just a hunch but I took in 20k today at 46 and plenty of powder ready for any weakness..by the way when are earnings due...

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