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

To: JDN who wrote (8527)	12/28/1999 4:48:00 PM
From: jad	Respond to of 17183

JDN, WSC agrees with you: EMC Tapers After Breaking Through Resistance Following yesterday's upward move to a new record high, shares of EMC Corporation {EMC} have pulled back on significantly lighter volume - a technical indication that investors expect the stock to trend even higher over the short-term. EMC is trading at $103 11/16 and appeared in the 3:30 p.m. EST ProSearch run of Strong Short & Long Term Growth & Tech Ranks. The difference in the trading volume is very evident in the 30-day volume ratios, the 1/30-day volume ratio is 42.1 while the 2/30 day volume ratio is 70.8. These ratios compare the recent trading activity to the 30-day average. The fact that volume was stronger on a day when the stock set a new a record high of $105 9/16 is not surprising given EMC's accumulation distribution ratio of 70.0. Since buyers appear to remain in control of the stock, investors may want to monitor EMC for continued price gains over the short-term. WSCity

To: JDN who wrote (8527)	12/28/1999 6:21:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 17183

>>Are you alluding that it requires the sale of additional servers to support the sale of Storage<< Not at all, I was just stating that there may be a slowdown across the board for all upgrades unless the need is extreme in the quarter prior to Y2K. Customers may be reluctant to "rock the boat" once testing is complete and systems are certified compliant. Especially if a third party Y2K prep service company is involved, how can I sue you after you said I was compliant if I turned around after you left and installed new hardware and software? I don't believe it is a total lockdown and it all may be a non issue since obviously the explosive growth of the net is requiring rapid upgrade needs for storage but I would grill my IT guy heavily if I were a CEO on why he didn't plan ahead and buy enough storage to last through the rollover so that all that was left was Y2K certification and then let things go idle until the time passed. I am not sure myself which is why I asked the first question. Just trying to get smart, well at least not as dumb <ggg> Good Luck, Lee