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

To: dennis michael patterson who wrote (6535)	5/26/1999 11:37:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 17183

I was flamed a few times on this thread for predicting drops in the price of EMC. Apparently, you don't know flaming from people telling you that you sounded like a broken record, which you did. Tony

To: dennis michael patterson who wrote (6535)	5/27/1999 12:30:00 AM
From: PAR	Read Replies (1) \| Respond to of 17183

dennis, you remind me of those that like to predict after the fact; it's easy to APPEAR correct. Just flip a coin as an example. prediction flip (comment) head head (I told you so, but you guys don't believe me) tail tail (When are you going to start believing me!!) head tail tail head head head (Right again, and I was telling you to SELL, SELL) tail head tail tail I don't want to rub your nose in it, bla,bla, bla Looks like chance to me!

To: dennis michael patterson who wrote (6535)	5/27/1999 2:19:00 AM
From: space cadet	Respond to of 17183

Hi Dennis, I agree with your short term prediction that next week looks rough. In fact, the worrywort that I am, I'm even worrying about whether we can even extend this rally thru the end of this week. I hope so, but I'm definitely not convinced yet. Anyway, I hope you continue to post because the number one problem with all these threads devoted to individual stocks is they get messed up by all these mindless hypester drones. Now I don't mean to offend anyone on this thread, as I think it's much better than the average thread on SI. Even when stocks are in serious trouble, the numbsters on those threads are saying stay long it'll go much higher right away, etc. They rarely preach caution, defense, common sense, the law of averages, etc. So please don't let anyone keep you away. Even stocks I love (and I do love emc) are better off when we hear all sides to the disputes. As I said several times before I think emc will not fly away to monstrous heights like it did last year and before that so the game is how to play the ups and downs to maximize income. I think you understand that as well and I'm definitely interested in your opinion. Right now, it looks like emc is more or less back at acting like a typical hi-tech leader, moving in sync with the tech market. But we always have to be on the lookout for when emc may have some more "special" problems (such as y2k, hp, etc) as well as when the techs may correct. I suspect we have at least one more round of corrections to go thru, though I'm often too early or too late in my predictions. A lot hinges on the earnings report. Do you think they will beat by 2 cents as usual?

To: dennis michael patterson who wrote (6535)	5/27/1999 8:52:00 AM
From: Steve Yuan	Read Replies (1) \| Respond to of 17183

Dennis, Your post has been my favorite readings. I am still learning and finding your approach sensible. Some people like to make the discussion on stocks personal. Please ignore them. I am not very optimistic about the market. After April's sharp drop, internuts has a V-shape snapback because of coming earning announcement of EBAY, AOL and AMZN. But for this reversal, there is really no landmark in the near future for money to come back. If there is no follow-through today, I guess trouble might be ahead. Steve

To: dennis michael patterson who wrote (6535)	5/27/1999 9:13:00 AM
From: R. Ramesh	Read Replies (1) \| Respond to of 17183

To all, < out of mostly lurk mode> It appears that people are getting carried away and becoming emotional. It is easy to see that recent decline was pointed out to us by the traders. I watched what they said come true in more than one occasion and yet I did not heed to their advice. If you do not agree what TA tells you, I do not think you should dislike the person who presents opinions along that line. By all means dislike TA, I do because I am ignorant of it and people seem make more money than me using that. But do not dislike people for posting what they believe to be genuinely good advice - even it appears repetitious. Come to think of it, my parents told me so many times to study hard - Thank God, I am well off because of that. May be one day I will become a good trader and make tons of money too. Of course MHO <back to lurk mode> Regards Ramesh

To: dennis michael patterson who wrote (6535)	5/27/1999 9:27:00 AM
From: BI*RI	Read Replies (1) \| Respond to of 17183

Dennis, My problem with you is the comment about people like me using the excuse of taxes as a cop out for not trading, and about the comment about people like me having a "mantra" regarding long term investing in EMC. Did you buy EMC at 70 watch it go to 135 and then sell at 108 in a taxable account? I'm 95% in a taxable account at very high IRS margins and State of Connecticut Income taxes that total 40% right off the top of any short term capital gains. So if I were you, and bought at 70 and DID sell at 135, $26 of my $65 short term capital gains goes right to taxes. So, in effect I would have sold at equivalent of $109 for someone in a 401K. Unless I Knew that it was going to go Below 109, why would I trade it? Especially when I plan on holding EMC for 5 to 10 years if it is the company it is now, and I will be retired at that point, living in a state without an income tax, and at a lower IRS bracket? You talk about 60% gains for you so far this year. Well, I've got 60% gains or better in stocks like Tellabs and Compuware this year as well. Stocks I bought for the same long term time frame as EMC. If I sell, those gains get cut 40%. So, my mantra for me is long term, and taxes are the primary reason, not because trading is "damn hard". So, having to watch your constant touting of your trades and techniques is one thing, but snide comments that I would say were making fun of someone, isn't appreciated.