open....stock looks to drop sharply to 8-8.5...after miserable analyst meeting wed. look for emc to retrace some 60+% of its 2003 run up.
This environment...ie. 10 yr treas...does not bode well for entire market let alone the tech sector which has overstepped its bounds.
ps....my buddy at merrill is dead certain this stock is like a sharp knife about to fall off a 5 story building....just because most missed the easy money dont fret you can buy back under 5 shortly....enjoy the weekend and consider yourself forewarned.
<<ps....my buddy at merrill is dead certain this stock is like a sharp knife about to fall off a 5 story building....>>
Hope you and your "buddy" are standing below and looking up.....with your big mouths open!
EMC went up in a down market last Friday. The upward pressure is great for this stock. People remember when it ran up over $100 per share a few years ago and don't want to miss the windfall this time around. EMC will close at $12.14 next Friday. You heard it here first.
I totally agreed with you..the sharp correction at the open would be EMC go straight to +18.00 cause i hasn't appreciated like its peer yet..and it's the uncontested leader in the storage market right now..