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

To: Lynn who wrote (8694)	1/12/2000 6:08:00 AM
From: JDN	Read Replies (1) \| Respond to of 17183

Dear Lynn: You have struck a chord that concerns me also. I think that if this market is pulled down dramatically it will be because of these over extended investors. People who buy only quality large cap stocks are not aware of the HUGE number of young people SPECULATING on credit generally in low quality low priced shares. I know has to be priced at least $6 in most firms but I consider any stock under $25 to be low priced. I know this will sound like HERESY to all freedom loving people, but I personally think it should be made more difficult for young inexperienced people to obtain margin. JDN

To: Lynn who wrote (8694)	1/12/2000 10:09:00 AM
From: Mannie	Respond to of 17183

Lynn-that is not a bad idea, to have newbies to the market start out with a full service broker, or mutual funds. Actually I'm sure the majority of folks are conservative and prudent, we are just seeing an increase in the number that aren't. The market has a way of rectifying that problem. One stock I tell my guys to own is EMC, most pass on it for the more high flyers....I've held it for 4 years or so, and can see no reason to let her go. Scott

To: Lynn who wrote (8694)	1/12/2000 11:34:00 AM
From: Tony Viola	Read Replies (1) \| Respond to of 17183

Lynn, Re: Wow, is this OT EMC in line with a conversation I was having earlier today via PM with someone on another thread. Some people here at SI, especially on some of the high flier threads, are so strung out on margin I don't know how they can sleep. One person I know was maxed-out on margin _before_ Christmas and at the maximum on credit cards, too. Cash had been withdrawn for increasing their options purchases. Although many people have scorn for stock brokers and take great pride in handling their own investments online, I am starting to think all people new to the market should start with a broker at a reputable concern. Sure the commissions might be higher, but I can not imagine a reputable broker permitting clients to pull some of the rechid investment stunts many people pull on their own. May be a crass thing to say, but: Caveat Emptor. It's a dog-eat-dog world out there. Greed is, well, enough cliches. On a more positive note, I saw part of an EMC ad on CNBC this morning. It's a good thing. I mean, the average CNBC watcher isn't about to go out and try to buy an EMC enterprise storage system at Walmart today. But, I think the Sun Micro .COM, IBM ebusiness, Cisco Are You ready, etc. ads aren't aimed at Joe or Jane Q. Public either. But, I think the awareness factor is important whether a procurement manager, or Joe or Jane Q. Public is watching. Tony