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


To: Cesare J Marini who wrote (4472)2/23/1999 3:00:00 PM
From: SJS  Respond to of 17183
 
Technically, you are right. In looking at the chart for BB, though....at 109 you're right at the top band. Lower band is 95, so writing 95 puts might be in order as well....

However, there is some time to consider this in light of the market. I think the market's overbought. I expect EMC to range between 100 and 115 (in spite of the bands, there is an upward bias...) for another month, or so. I would also be a buyer on weakness, so if the stock move back down towards 100, or lower (in context of the market) I would be a buyer of shares...