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

To: John Carragher who wrote (6271)	5/5/1999 3:39:00 PM
From: JDN	Read Replies (1) \| Respond to of 17183

Dear John: You asked, wonder why, so I will give you my GUESS. Large Cap companies like EMC rise and fall with the popularity of mutual funds as they are the only ones who can buy in sufficient quanity at these prices to keep the momentum up thus the price. Now Mutual Fund managers live and die EACH QUARTER. I think even the most die hard of us would admit that EMC is not looking good for the next quarter maybe even the balance of this calendar year. Why, well originally there was the y2k thing which I give little credence too for a STORAGE company now there is the HP thing. Between the two, plus the herding to cyclicals, oil and to a little extent GOLD there are not enough BIG buyers PRESENTLY to sustain EMCs price. It is times like these that we little buyers can take advantage. We dont have to meet a goal in a fixed period of time. So my comment is buy low, sell high. IF everything M.R. says (CEO) comes to pass ( and I dont doubt him for a minute) then this will be at least a $200 stock eventually. When, I dont know, but it would not surprise me to see it happen within the next twelve months. JDN