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To: Peter V who wrote (8943)	6/14/1999 1:13:00 PM
From: SJS	Respond to of 14427

Pete, Getting harder to call the market, and some tech stocks in particular. If your time horizon is medium to LT, then you'd be fine. As a long (as in bullish) trade/scalp? I don't know. ST 1-3 weeks? Probably 55 max, but heavily dependent on the economic gyrations. If the market rallies on econ news, EMC will rally with it. steve

To: Peter V who wrote (8943)	6/14/1999 1:14:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Pete, EMC is trading like the big tech boys - all weak. I think EMC will continue to be trading range bound unless it closes below 47 1/2 and the whole tech market continues to slide, with Fed raising rate and more inflationary data emerging. Its upside will be limited until next Q earning season (July) and they better beat their numbers good. We are in the no earning release period and the market is very susceptible to Fed fear. We may need to wait till the end of the month after the Fed meets and tells the market something before we shift the attention to earning, which is expected to be good especially for the techs. I feel sorry for Papaya who lost a few shirts today with QWST. The internuts continue to lose ground, breaking fresh supports. A key support for CMGI is at $80.