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

To: GVTucker who wrote (9709)	3/30/2000 5:03:00 PM
From: X Y Zebra	Respond to of 17183

Then the stock needs to get to 'fair' value, whatever that means. Under this environment, probably it does not mean a thing... My personal opinion is that for the next 10 years, (and others go as far as 15 years), this environment will continue. With all due respect to the "value investment" philosophy, and "fundamental analysis" theory, which at specific moments in time are more relevant, and even provide a secondary support argument as to which companies to invest in even under the current environment, what drives this market is a considerable demand based in pure liquidity. I think under this environment, the use of technical analysis may prove to be more useful then the other methods mentioned above. Today, I watched (in awe), how EMC melted to its 50 day moving average (121.75), once it touched it.... it simply rocketed away to its close of 129.875. Coincidence ? possibly, but after watching this gem of volatility, I doubt it. Add to this, the so call "end of quarter window crashing" and other similar psychotic behavior... so, for better, [more probable], or worse, [less so], I think that for now, one is better off using this criteria (T/A), than other which may seem to be more "sane". Ladies and gentlemen, place your bets, casino is open and it seems the night is young... Best of luck