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


To: Ron Flanigan who wrote (6150)5/4/1999 9:26:00 AM
From: dennis michael patterson  Read Replies (2) | Respond to of 17183
 
Ron, I very much doubt EMC will move back to 134 before the split. Then again, I never thought things would get this bad. Today's HP announcement will set a bottom. Additionally, the overall market will be weak the balance of the week. The problem with EMC is that people who bought higher will sell all the way up. That overhead supply is a problem. SUmmer and tech don't go together either. I don't think the downside on EMC is more than 90 from here. But I think it will open down 3-4 points today and trade down to 102, perhaps even 100. It will be interesting.