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EMC Corporation Message Board

  • financefrau financefrau May 31, 2013 11:22 AM Flag

    Feeling a Cup & Handle Coming

    Little higher over the next few weeks, little pull back, then back up to 28.

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    • I think that eventually it will go to 28 but not in near future. Results will dictate if it can even make past 26, VMW is key to this stock moving higher even if EMC results are good don't expect it to go past 26. However if EMC can confirm that 1.85 eps is real, then you can see the stock go to 30 in a hurry. One other big thing standing in the way of stock moving higher is the buy back program. And emc will buy only around 24 and 25 and market maker will oblige. IN other words they will hold the stock down until EMC is done wit htheir buy back for atleast this year..Bottom line can it make to 28-30, yes but not till Q1 2014..

24.69+0.48(+1.98%)Oct 2 4:06 PMEDT