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

To: BI*RI who wrote (6507)	5/23/1999 6:13:00 PM
From: Len	Respond to of 17183

I was spooked by the Globe's article about HP nearly recruiting Mike Ruetgers. I wonder if this move by HP was not contributing to the stock's tanking the past few weeks. I love EMC but will head for the door in a nanosecond if Ruetger bails. Len

To: BI*RI who wrote (6507)	5/23/1999 7:07:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 17183

imp, there's no doubt that there are many fine companies in the tech area, BUT tech has undergone a parabolic rise from October and now has been under distribution for 5 months, the trend is rolling over and earnings season is out of the way. 35% year on year growth is fine (there is no guarantee that will continue), but now value is being prized more than growth, the h&s pattern has a projection to 55 and the one on this stock has some striking volume characteristics. this is a stock the street has fallen in love with, that makes it very vulnerable to bad news. Most likely I will wait to see if it breaks support on big volume before I short it. bb