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

To: jad who wrote (11505)	11/3/2000 11:42:06 AM
From: jad	Respond to of 17183

ET Storage Stocks : Traders have been betting big that storage stocks were in for a major correction. The past two sessions they have found themselves leaning in the wrong direction, snared by a short-squeeze. After several days of running, Emulex (EMLX 156 1/2 +3 1/2) has handed off the baton to JNI Corp (JNIC 109 1/4 +8 5/16), QLogic (QLGC 116 1/2 +10 3/16), StorageNetworks (STOR 71 7/8 +5 1/2). from briefing.com

To: jad who wrote (11505)	11/3/2000 11:58:20 AM
From: Gerald Walls	Respond to of 17183

near term the stock does not go down more than 30 points (what taxes would be) Taxes would be 20% (LT) or around 28% (ST) (depending on income levels and plus state taxes, of course) of the profits, not the gross proceeds. If that's still 30 points for you, then congratulations.