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

To: Jacob Snyder who wrote (12828)	7/6/2001 9:41:59 PM
From: michael97123	Read Replies (1) \| Respond to of 17183

Thank you Jacob. By the way I am the guy who put in a sell order on wcom at 46 when it was 45.5. Eventually sold it at 22. This has been a very painful year. My fear for the future is that I will bail too early in the next bull run, that is if there is a next bull run and that i have any money left.. Have a good weekend. mike PS I will probably put in a gtc order for some more emc at 10% lower and take my chances getting it. Do you think there is any significance to nasdaq 1970-1980. Ralph Bloch at AG Edwards said that was the 50% retracement point that has been successfully tested a couple of times. The last two times we pierced it in the morning and rebounded. Problem is the highs have been lower each time. Another technical analyst said tonite that dow 10,200 also was in a critical area.

To: Jacob Snyder who wrote (12828)	7/6/2001 11:42:10 PM
From: Douglas Nordgren	Read Replies (2) \| Respond to of 17183

Re: Inventory write-offs There's the argument that if the price slashing hasn't relieved inventory, a write-off could be in the works. If so, maybe sooner is better than later. Last quarter, EMC's inventory increased 57% year-over-year, compared to sales growth of 27%. That increased its Flow Ratio from 1.70 in the year-ago period to 1.76. While it's possible the price cuts got rid of the majority of the excess inventory, we won't know until full results are reported on July 18. Given the slowing demand and sales growth, a large inventory charge at some point in the future is not out of the question. fool.com Take care, Douglas