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


To: dennis michael patterson who wrote (4985)3/19/1999 7:02:00 AM
From: John Carragher  Read Replies (1) | Respond to of 17183
 
Soundview was were the rest of them where. Next week we get sell advice then they get the commissions and run the stock back down where the boys can buy cheap, after a run up they come back out with a buy. <g>.... This has been a great run .... emc and aol are my largest holdings. Looking forward to todays trading. see ya John



To: dennis michael patterson who wrote (4985)3/19/1999 4:25:00 PM
From: Lynn  Read Replies (1) | Respond to of 17183
 
Dennis: I watched EMC for almost the last half hour of trading. At one point it hit its low for the day. Approaching 4 p.m., it appeared it was going to close under 18, hovering closer to 17 5/8 (approximate). At 4:01, however, a large trade went through and EMC quickly closed the day at 18 1/2 (Schwab quote). Right now the bid is 117 3/4 and ask, 118 1/2.

Now for my question: You and some others have talking about a correction next week. The market was down today, not merely EMC. Does today's trading, however, give you any indication about a correction and if so, what price range do you see? I have heard talk about going down to 110 and someone on another thread asked me via PM today if I though EMC could go as low as 100.

Lynn