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: dennis michael patterson who wrote (5011)	3/21/1999 8:39:00 AM
From: John Carragher	Read Replies (1) of 17183

Dennis Barrons moves stocks due to herd mentality on Mondays. Also there is an interview with Laszlo Biriny subject "going with the flows". He follows the cash flow vs mrkt up or down and in Feb issued this call. A great example was in February, when the market was down 150 points. We sent a fax out to our clients and said there wasn't that much selling. Yes, it was a significant loss. But in several key stocks like IBM, there was actually a little bit of net buying. We recommended people buy four stocks, including IBM, Xerox, Texas Instruments and EMC. And over the next two days, after we put out that fax, IBM was up 15 points. We were able to avoid the surface illusion of a decline in price because when you looked on a trade-by-trade basis, you found that people weren't selling IBM -- they were buying. We don't make judgments about computers or software or services. We said that the market is still saying this was a very good situation. This is old stuff now that we are in March but Laszlo has been hot for the several years. Can't tell about his thoughts today on emc but I show relative strength @ 92 in zacks or s &p. IMO the coverage of emc in Barrons will generate buying on Monday. For a lot of folks not familiar with emc they react on what they read in Barron's. Perhaps it won't be enought to hold on throughout the day. see ya John

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