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

To: Oak Tree who wrote (12487)	3/17/2001 5:55:28 AM
From: JDN	Respond to of 17183

Dear Oak Tree: Fundamentally and historically speaking you got a good buy. It might go lower, it might not. Rarely does anyone pick the exact bottom. The question is WHERE will it be 12 mos, 24mos, 36 mos from now. I suggest it will be very much higher than your price. Lets say it goes to 60,70,80 a share by then. Does it really matter whether you paid 32 or 29 or even 18? JDN

To: Oak Tree who wrote (12487)	3/17/2001 7:38:44 AM
From: Bill Fischofer	Read Replies (1) \| Respond to of 17183

Re: Buy points Can't say for certain, but I did find it interesting that a value fund manager guest on Rukeyser's show last night indicated that they are buying MSFT, INTC, CSCO, EMC, and SUNW right now. On a more practical note, even if we have much further to fall, the NASDAQ is very oversold here and is due for a countertrend rally to shake up increasingly complacent bears. Right now people are as dismissive of rate cuts as they were of rate hikes a year ago. History shows the Fed always gets its way which is why it's unwise to fight them for too long. Even better from a long-range standpoint I note that the market decline seems to be lighting a fire under Congress to accelerate tax relief. If a few months of pain will result in real substance rather than a wishy-washy multi-year toe-in-the-water approach then from the perspective of a couple of years out it will be seen to have been well worth it.