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

To: Jay k. who wrote (14576)	10/3/2002 8:05:44 PM
From: techtonicbull	Read Replies (2) \| Respond to of 17183

Time to get out? opinions?

To: Jay k. who wrote (14576)	10/3/2002 10:12:49 PM
From: Gus	Read Replies (2) \| Respond to of 17183

If you accept the premise that 50% of a stock's price behavior can be attributed to the economy, 30% can be attributed to industry developments and 20% can be attributed to company developments then yes, you probably wouldn't be buying now or at any price until you convince yourself of the economy's direction and how that will affect the company and the industry it is in. But keep in mind that we are still in the aftermath of the major investment bubble that capped the greatest bull market in history. He who loses his head while everybody else is losing theirs probably deserves to lose the second head too.<g> Right now, I'm rooting for EMC to bring the share count down below 2B shares because that will turbocharge their more software-intensive earnings when customers start spending again. Judging partly by the recent results of the major application developers, that may take a while longer.