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

To: John O'Neill who wrote (6512)	5/23/1999 11:26:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 17183

John, I am more of a technician than a fundamentalist, though I do believe they go hand in hand. My feeling is that EMC is in a sector that had become the darling of wall street, when this happens all the money managers pile in and bid up the stocks into overbought territory, have high expectations and eventually the emotional buying decisions bumps into rationality. It's like going to a movie that is way overhyped, it can never live up to it's expectations. I believe that is what's been happening in this sector over the last several months. The tech sector to me is a trading sector, buying is always emotional as is selling. EMC has one of the best distribution patterns I have ever seen on a stock. IMO this stock is very vulnerable to any negative news. This is not a recommendation to buy or sell, just my opinion.