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

To: Ed McCloskey who wrote (8944)	1/26/2000 1:52:00 PM
From: jbe	Respond to of 17183

Seems to me there may be an explanation. A week or so before earnings announcements, a lot of people buy stocks in companies that are expected to beat expectations. They ride the stock up; and then sell, just before the earnings are actually announced. That could account for EMC's fall. After all, most traders couldn't care less about the actual earnings/strength of a company. They are interested only in hopping on the momentum train -- and in jumping off it when they think it may slow. It's irritating, of course. But it's really hard to blame the mo-mo folks, who make a bundle when they guess right.