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

To: Bob Frasca who wrote (8674)	1/11/2000 9:12:00 AM
From: JDN	Read Replies (2) \| Respond to of 17183

Dear Bob: NO you are wrong, its a psycological thing. On the NASDAQ where its the wild west often MM's will DELIBERATELY lower the ending price to demoralize Longs (when there are a lot of shorts trying to cover cheaper) and to reduce the likelihood of the following days price continuing to soar. This specialist appears to me to be no better than a MM and I EXPECT better then that from a specialist. JDN

To: Bob Frasca who wrote (8674)	1/11/2000 9:48:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 17183

Bob, Well said. I am not in EMC yet, but hope to be. This is one of the few technology "shoebox stocks," put it in a shoebox and forget about it. The minute to minute movements mean nothing. BK

To: Bob Frasca who wrote (8674)	1/11/2000 10:08:00 AM
From: GVTucker	Read Replies (1) \| Respond to of 17183

Bob, RE: I'm pretty sure that EMC is powerless over how the specialist prices their stock so complaining about it to investor relations is kind of silly. EMC is indeed powerless over how the specialist prices their stock, but they can certainly demand from the NYSE that they get a new specialist who is better qualified to handle the volatile trading of their stock. The fact is, it's only an issue if you're placing a buy or a sell order; otherwise, the day to day fluctuations don't matter unless you're walking a very thin line on margin. A I disagree. Liquidity is one of the parameters that a large institution considers when buying a block of stock. EMC has poor liquidity; this could influence a purchaser to take a smaller position than they otherwise would consider. This poor liquidity hurts the long run value of the stock. Given my current status in the stock, I probably don't need to say anything; still, I think that this is an important issue.