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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert New who wrote (79625)	7/7/2001 1:11:44 AM
From: TWICK	Read Replies (1) \| Respond to of 99985

Not to mention that EMC may have to write off inventory: Message 16040812 I say let the knife fall. Why try to catch it now ?

To: Robert New who wrote (79625)	7/7/2001 1:51:16 AM
From: t2	Respond to of 99985

Robert, I would add that the storage hardware segment appears to be getting very competitive. The Dells, IBMs etc.. all want a piece of the action. Just makes it harder for the stand-alones like EMC. Veritas Software says they are doing fine but their business differs from EMC in that they are in the software end. I was thinking about buying it for a bounce due to some short covering. Instead, I figured that it is better to look for trading bounces in names that appear to be in better shape and that sold off in sympathy today. Might just be a good idea to buy puts on any bounce in EMC on Monday. Don't think their problems appear just to be economy related although it is a big part of it. PE sure stands out and what are the prospects for business picking up significantly for them, given the competitive threats....not very good. Thought about buying AMD. Decided against that one too. Bought a bit of Intel today and planning to buy more (with a few cheap July puts as a hedge--just in case) Same logic for IBM. I am still long tech and planning to get longer but will hedge when buying more..with cheap puts and not covered calls. Nasdaq is too close to 2000 to go with covered calls.(imho)

To: Robert New who wrote (79625)	7/7/2001 3:34:40 AM
From: American Spirit	Read Replies (1) \| Respond to of 99985

EMC - in their business, storage, companies can put off paying but eventually have to pay. Storage is mandatory in the long run. At $21 EMC has to be a bargain. Then again if it goes lower I will lose money. But remember Monday may be a totally different market with the chiefs back on the job. Longterm anyway EMC is a very good bet from here. The 8 point drop today has priced in a ton of pessimism. It's been cut in half this month and it's got close to a monopoly in storage. At least it's clearly #1. Same with NOK in cell phones. Cell phone use is still growing dramatically even through growth rates have slowed recently like in most sectors. Hey bottomline, when we rally next both these should spurt back. A bad day to be bullish on anything but then again maybe the perfect day to buy. I'll buy into any more sell-off but I know, the market still suckeroos. And so do some of the warnings.