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


To: Larry R.Ross who wrote (7400)8/10/1999 11:24:00 AM
From: SJS  Read Replies (1) | Respond to of 17183
 
Three things typically drive stocks down:

1) FEAR
2) Uncertainty
3) Doubt

KNOW, collectively as FUD:

When the senior table-banger for EMC at Merrill says:

But some analysts worried that taking on Data General might lower the company's profit margins. "Strategically it makes sense. Financially it's not as clear," said Steven Milunovich of Merrill Lynch.

It gives some people pause....

Steve




To: Larry R.Ross who wrote (7400)8/10/1999 11:42:00 AM
From: DownSouth  Respond to of 17183
 
FUD is driving this stock down and drove me out. I am on the sidelines now.

There are, imo, questins about whether EMC can manage this acquisition and maintain its growth and margin. Not to mention the fact that there is downward pressure in the market, so any excuse to sell is excuse enough.

Note that JDSU, a low PE, high growth company is up today. Everyone else I see is in the red.



To: Larry R.Ross who wrote (7400)8/10/1999 1:40:00 PM
From: RickM  Read Replies (2) | Respond to of 17183
 
Larry!!!!

The whole damn market is down! Plus, the arb's sell the buying issue and buy the takeover issue.

Rick