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Technology Stocks : EMC -- Ignore unavailable to you. Want to Upgrade?


To: meveric who wrote (280)1/10/2006 4:47:24 PM
From: VFD  Respond to of 368
 
Down around 5% in 3 days of heavy volume trading. You forgot fridays volume the heaviest of the 3 days.
My stop/loss survived to see another day barely but not for long I think.
We'll see what tomorrow brings. The bleeding may continue.



To: meveric who wrote (280)1/10/2006 4:54:14 PM
From: VFD  Read Replies (1) | Respond to of 368
 
Meveric,

I hope you don't think I am being sarcastic but here, there is still hope. More analysts hype:

"EMC (EMC ) : Reiterates 5 STARS (strong buy)
Analyst: Richard Stice, CFA

EMC acquired Internosis, a privately-held provider of information technology services. Terms were not disclosed and the deal is not expected to materially impact EMC's 2006 EPS. We believe this transaction is in line with the company's strategy to utilize, in our view, a significant cash position to diversify its revenue base. EMC recently possessed over $3 per share in net cash. Moreover, we think similar acquisitions are likely to occur in the coming months. Our 12-month target price remains $18 and we strongly advise purchase of the company's shares."

yahoo.businessweek.com