Charts look very similar to late January 2012 when EMC climbed over 15% and then continued higher in the following months. Could todays announcement on Pivotal Initiative cause a repeat? One difference is the broad market in Jan. 2012 hadn't climbed while EMC dropped. If the market stalls here, will EMC drop again? And if it does, how far?
Couldn't help notice EMC's 9% climb since Cramer's 2/25/13 strong sell call when it was at 22.83. I've got to stop watching his show and letting his calls have an influence in my decisions.
EMC has been a terrible stock for at least 6 months. Ever since that idiot Cramer said to buy it. It is still down YTD, can not get back to 25.30. Attempted to today, and tanked as soon as it hit that price. The management of this company are complete idiots, and do not know how to meet the streets expectations or meet their own guidelines. They hope that something like Pivotal will take peoples eyes off the fact that this is one of the FEW tech stocks that has totally underperformed in this rally of 2013. Markets are up 10% and this POS is down YTD. Pathetic, just like Apple.