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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 (5024)3/21/1999 3:22:00 PM
From: stock_bull69  Read Replies (1) | Respond to of 17183
 
Dennis, perhaps I was a bit defensive but having just bought EMC on Friday at 117 3/4 I was not happy to see your post predicting a fall to the $110 level which would be about a 10% correction from it's all time high. Perhaps it's simply wishful thinking on your part. Also have to disagree with your assertion that AOL is overbought. The most recent surge was due in part to the index funds having to buy more AOL due to the imbalance in the S&P 500 caused by it's new market cap. I don't expect AOL to continue at this pace and expect it to start consolidating shortly. I bought DELL in January at a split adjusted price of $38 1/2 so I would not claim to be a DELLHEAD quite yet! Good Luck.

Steve