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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (7378)	8/9/1999 2:54:00 PM
From: space cadet	Respond to of 17183

By the market's reaction to the HWP termination notice it is clear that the market doesn't agree that emc is in the same league as csco. Now I happen to agree that emc should be considered a superstar a la csco but the mutual funds obviously don't quite see it that way. That's reality. I know nothing about dgn but their stock has done nothing in a decade. Looks like a tired over the hill company. Guess emc will dump their leaders at the very least. Hard to believe a storage company could go nowhere in the 90's the decade for storage. I remember some analyst predicted that emc would spend the remainder of '99 traversing the 50's. It looks like that will turn out to be an amazingly accurate prediction. I think we will retest the low 50's in the next couple of months and hopefully it will hold. I plan on getting in then around 50-51. And then another earnings rally to test the very tough resistance at 67 possibly. The last three months of the year are usually the best so I may just hang on to my emc. This deal is too small to really make much difference to emc either way, I think. EMC is basically going to go along with the market (i.e. msft, csco, lu, etc) for the next few months.