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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 (5169)	3/29/1999 4:24:00 PM
From: Daflye	Read Replies (1) \| Respond to of 17183

Probably a good play, you were the last trade of the day in that contract. Low volume today, not very convincing. Have fun in Berlin............ D

To: dennis michael patterson who wrote (5169)	3/29/1999 4:26:00 PM
From: TigerPaw	Read Replies (1) \| Respond to of 17183

it has (n)ever been this far off its 13 DMA. EMC has been getting more attention than usual. When a stock gets more in demand it gets a higher P/E and not just a normal gain. This may be happening now with EMC to be the new darling for awhile. TP

To: dennis michael patterson who wrote (5169)	4/3/1999 8:31:00 PM
From: Bill Martin	Respond to of 17183

Re: I do not believe it has ever been this far off its 13 DMA. Well, if you mean on an absolute dollar basis you're probably right. If you're looking at a percentage basis though (which I feel is more relevant), it's been this far, and farther fairly frequently. One caveat is that I'm using a 15day SMA. It should be very similar to your 13 DMA, but your mileage may vary .... Look at late October 98 for example, when the stock was at $60 and has pretty much gone straight up since. Even March 10 with the stock at $112 was very similar on a percentage basis. Go further back and you find others. Is EMC overextended at $129? Probably. Is it actually going to reverse though? I don't think so. Just slow down and churn a bit while the moving average catches up again is my best guess at the moment. Time will tell. Good luck ... Bill