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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 (5225)	3/30/1999 10:55:00 PM
From: JessiDani	Read Replies (2) \| Respond to of 17183

For what it's worth; here is my opinion of EMC stock. Buy it and hold it. The question is, how much money do you want to have 10 years from now. Will EMC be worth 10 times what it is today? If you think so, as I do, then just buy it and hold it for big profits. When the new split occurs, which is soon, my cost basis on the first 800 shares of my EMC holdings will be $4.5. There are others here that will have cost basis in the pennies. See you in ten years on the beach. JD

To: dennis michael patterson who wrote (5225)	3/31/1999 5:39:00 AM
From: Ganesh	Read Replies (1) \| Respond to of 17183

I do beg to differ with you. EMC looks excellent from a technical standpoint. To begin with, when a stock hits new highs, Fibonacci levels are not germane. So lets look at these other tools: MACD: BUY signal occurred the 25th of March RSI: 70.96......Only "very slightly" overbought, but borderline. Directional Moving Indicators: EXCELLENT.... STRONG BUY..Big divergence between MDI+ and MDI- Money Flow: EXCELLENT....STRONG BUY.....Block flows increasing dramatically all the time...This means institutional money is chasing the stock price. Mcllellan Oscillators: Neither overbought nor oversold Chaikin Oscillators: STRONG BUY...They are still going up, though today is decisive. Stochastics: OVERBOUGHT, on both a %K and %D (slow) basis. Stochastics are about the only technical indicators I can find that are in fact negative. If anyone can find any others please let the thread know........ But personally, I see no downside potential.