Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JRI who wrote (6059)	4/29/1999 9:03:00 PM
From: Gary	Read Replies (1) \| Respond to of 17183

Emotionally EMC is great but technically as Dennis says not so good. We have no alternative but to be caught up in the high tech cycle. My guess is that we could be down till August. The charts are just not strong for EDC and you can't ignore them as the fund managers use them too.They do have some validity. I wasn't a buyer at $115. Even at 60 times earnings historically it is high and we are much higher than that. Relax on buying.

To: JRI who wrote (6059)	4/29/1999 10:06:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 17183

I wish you well. I cannot make money in this stock anymore. I sold 1/2 at 103 and I sold the balance today. I put the profits into AOl last week and made 45 points in 8 days. There is one thing that is absolutely true-- the trend is now down. The trend has changed. Check any technical chart. This stock is now headed down. It is much worse than Csco oe Msft. Don't take my word for it, look!