To All:
Hi, new to the thread, altho I've been reading it for the last month. I've found the thread very literate and informative and thank you all for your insight.
One bullish thought (which I'm sure is obvious but haven't seen expressed recently) is that a buzz is being created for EMC. It's appearing on numerous articles, lists and broker recommendations, and sharing the podium with other much better known tech stocks. It is cast as a fast moving new comer which could dominate its market niche, which many uninitiated still haven't discovered. Now we can debate this, but new investors like me will just keep jumping in because we're compelled to buy due to all the media attention its being given. Knowledgeable people who read this thread and bought EMC long ago, just don't appreciate how strong the buzz and buying urge is. The latest IBM/EMC alliance validates the view that EMC is a force to be reckoned with. IMHO, this stock will move higher very quickly and find a new range with 120 as base.
On the other had, a general NASDAQ decline would hurt EMC as well, and the overall market is pretty high. I think the general market will see some volatile (day trading driven) range trading, and possibly a correction, Y2K anticipation, or something, before any huge move up.
Good luck to all! |