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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 (5709)4/19/1999 4:01:00 PM
From: KM  Read Replies (1) | Respond to of 17183
 
Looks like we hit my target right on the nose. In at 99 1/4



To: dennis michael patterson who wrote (5709)4/19/1999 9:23:00 PM
From: Michael W. Brom  Respond to of 17183
 
dennis,

this is a classic shakeout of the entire tech sector, but the main reason is the 'net stocks are dragging down the entire group. people will come to their senses and jump back into the large cap tech stocks because of their liquidity and sense of being a "safer haven."

i like EMC, have followed the stock for quite some time, and think we'll see a pop UP tomorrow morning following their earnings announcement. heck the stock's PE ratio is now below 70. for a company with 30% EPS growth in the future, people will begin flocking back to this stock sooner than later.

just my opinion,
michael