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

To: Dov Levy who wrote (5875)4/20/1999 7:09:00 PM
From: SJS  Respond to of 17183
 
You're right. Insider sales are miniscule, and have no bearing on the 30% drop from it's high.

So what is? According to CNBC (a couple of minutes ago)

1) Fidelity Magellan trimming their tech holdings of some winners
2) Strong Funds doing the same thing, lowering their tech sector allocations from 40% to 24%.

We don't know specifically what they sold, but I would be a bettor than they sold some EMC before the earnings annoucement, and will eventually re-enter.

Just be in the stock when they do.

Steve



To: Dov Levy who wrote (5875)4/20/1999 9:21:00 PM
From: Steve Hufnagle  Read Replies (1) | Respond to of 17183
 
I would look for other reason (including the distinct possibility that there is no good reason…)

Would it be possible Mutual Funds attempted to sell shares to lock in profits for short term performance measurement?


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