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


To: TigerPaw who wrote (5558)4/16/1999 11:56:00 AM
From: Michael W. Brom  Read Replies (1) | Respond to of 17183
 
TigerPaw,

what i do to be patient is look at EMC's chart. it looks great. this is only a blip in the chart, a buying opportunity. i'm in at $130 and plan to HOLD on and BUY MORE if it slips more. the fact that the company came out with a statement yesterday following the downgrade is a positive. if they hadn't said anything to refute we'd be in big trouble.

i've held dell before when it's had dips. we worry about a 10% drop when the stock's appreciated over 200%. it's got to rest sometime. i expect it to start basing around $110 before heading back up again. the earnings will be interesting. even if they beat estimates, it will be interesting to see what the stock does.

michael



To: TigerPaw who wrote (5558)4/16/1999 2:36:00 PM
From: MaPari  Read Replies (1) | Respond to of 17183
 
TigerPaw and all:

Patience does payoff. I got in EMC in April 97, at 52 wk hi of 20.00 For the next two months, it was down hill from there, it went down to 12-13.
Since then I've seen couple of these carnage, once during the Asian market flu and then in June of 98, when a rumor regarding HP-EMC surfaced. I.M.O these are buying opportunities. The company fundemental is still very strong and the Internet and E-commerce growth will be strong for the next 5 years.
Good Luck.