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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 (5717)4/19/1999 4:45:00 PM
From: Ruffian  Read Replies (3) | Respond to of 17183
 
dennis, this guy is sharp>

Tom Dorsey, Dorsey, Wright & Associates - Taking Stock (CNXT, GPS, SUNW, RN, PFE, EMC, GE, ELY)

Short term outlook positive

In late march, 7 out of 10 stocks in Dow were low

Reversal this Q - thinks 10 stocks will outperform instead of underperform

Likes small stocks and cyclicals

Picks today:

CNXT - Up 5/8 at 30 1/8

GPS - Up ¼ at 69 ½

SUNW - Down 3 3/16 at 51 ¾

RN - Up 3/8 at 25 11/16; between 20 and 30; won't get much out of it; stable yield

PFE - don't rush; Forbes had them on cover as company of the year, which is a bad sign

EMC - shake out pattern; a buy

GE - fantastic; buy it; have patience

ELY - everyone who wants to sell has sold; hold on to it



To: dennis michael patterson who wrote (5717)4/19/1999 4:55:00 PM
From: KM  Read Replies (1) | Respond to of 17183
 
I didn't expect to see that number for a week or two. I was amazed. Total panic selling at that point.

Got cold cocked on EXDS though.