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: Michael W. Brom who wrote (6534)	5/27/1999 8:29:00 AM
From: SJS	Read Replies (1) \| Respond to of 17183

Mike, TradeEd is probably one of the longest LT investors around here. Steve

To: Michael W. Brom who wrote (6534)	5/27/1999 11:47:00 AM
From: TraderEd	Read Replies (3) \| Respond to of 17183

What nonsense! I just waded through about 20 posts and with all the bickering, not one word about EMC and what its prospects are for the future. What the hell is there to bicker about? I bought my first EMC for $5 a share shortly after the Gulf War. I still have every one of those original shares and my cost basis is soon to be $0.21 a share. When I sell, I will pay 20 percent capital gains. I also trade. That is what I live on. I wouldn't brag about a 62 per cent gain for 5 months. That is only approximately 200 per cent per year. Now factor in about 50 percent for taxes, trading costs, etc. and you are down to only 100 percent per year. That's not enough for me to live on. Now compared that to my long term EMC gain of $100/.21 = 47,620 percent over 8 years minus 20 per cent for taxes, yielding 38,000 percent gain for the eight years or an average of of over 4,500 per cent per year (non compounded). So, you pays your money and take your choice. Trade, hold long term or some of both. Your choice. However, you should do your homework in either case. I am one who believes in extreme due diligence and I walk the walk in that respect. Clearly, no one posting here does. We used to have great discussions concerning the impact of this new thing called RAID technology and where storage technology was going and the future for it, etc., etc. No such discussions being held here any more except for the occasional cogent post of Bill Fischofer. I agree with him that some of EMC's best gains are yet to come. All I see here is posting and reposting of press releases and analysts comments. No one here is contributing any original thinking anymore, including myself. Just my humble opinion for what it is worth.