Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: freeus who wrote (4410)	2/18/1999 12:40:00 PM
From: Nick Papa	Read Replies (1) \| Respond to of 17183

Any ideas why EMC is starting to accelerate to the down side?

To: freeus who wrote (4410)	2/18/1999 1:40:00 PM
From: JRI	Read Replies (2) \| Respond to of 17183

Freeus- Earlier today, the Naz had corrected down 12% from its highs...EMC was selling at 46....and the big Naz guns were all down 15, 20, 25, 30% from their highs.. Overall the last few years, these times have been great opportunities to add the big cap, liquid names.. If EMC hits 96 again, and the Naz goes down another 30-40 pts from here...it is hard to think that it would be a mistake buying EMC (even on margin)...if you have doubt...buy half of what you would have..and then average in (if it falls lower)... I don't think the "end game" is in here...I think this year the big tech, horseman-type stocks are still the way to go....Same old, same old...(I will looking for inflation worries/Fed rate hike later in year...and that could be trouble....but so far, the data doesn't support it...) Good luck with your decision