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EMC Corporation Message Board

  • gizmotopdog gizmotopdog Dec 21, 1999 8:43 PM Flag

    EMC and market correction

    Any thoughts as to where we are headed in the
    next week before Jan? Doesn't make sense to me that
    NAS gains 120+ and EMC, CSCO, SUNW all gain fractions
    of a point. I think a nice correction is needed for
    us to go upwards and onwards in Jan. Any thoughts?
    --Giz

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "NAS gains of 120+ and EMC, CSCO, and SUNW all
      gain fractions of a point".

      EMC closed
      yesterday at 96 3/8 per Schwab, Waterhouse, and my broker
      at Fidelity - not the mistaken 99 used by CNBC. EMC
      was up 2 5/8 today - pretty damn good.

      You
      need to call around 10:00 PM to get the true last
      trade. I got a 99 quote from Schwab after 8:00 PM myself
      - knew it would change though.

    • they take turns,
      -pure net play-CMGI
      etc
      -net infracture play-EMC/CSCO
      etc
      -semi

      today was the pure net play day and some semi
      play,
      normally you will see a strong semi day
      and a weak net
      day, then the wave will go to the next group for a
      couple of days or so.

      Musical chairs.
      anyone
      ?

    • wait until feb. , jan. will bring in too much ira and 401k $

      • 1 Reply to nafta07
      • For the balance of December, everyone will want
        to get a seat for the markets' opening on Jan.3. and
        thus, no sell off. If you believe the pundits who say
        the January effect will be bigger and better than
        ever, then there will be no significant correction in
        the near future. IRA and 401K notwithstanding, the
        pent up bucks that hopefully won't be used for Y2K
        problems will start flowing. When this money frees up, let
        the games begin.

        Money managers will already
        know sales are strong and 1st quarter reports will be
        looking good. They will hold their positions for the run
        up. No one will want to be on the outside looking in.


        Unless the Fed does something no one expects or whisper
        numbers get out of hand, the first 4-6 months should be
        real good with breadth again equalling the DOW and
        S&P.

    • Since AG is not changing things and the market
      liked that today, the rest of this week should be very
      slow. Though most start the holiday season and don't
      come back until after the new year. Tax selling is
      over for the Mutual Funds along with their window
      dressing, they are now putting together their glossy books
      of numbers, names and data to show how good they
      were all year. Individual tax loss should be finished,
      I would hate to leave tax selling to the last few
      business days of the year, anythink crazy can happen, but
      most likely not. So that can leave a very somewhat
      narrow trading range and also light volumn. The big
      bonus boys are going to the sun and living the rich
      life while looking for another year like 1999 and even
      better. You will probably hear some kind of noise about
      Y2K and when will the FED raise rates. The TV talking
      heads have to have some think to keep the viewers from
      turning off the TV sets these last few days of 99. They
      will hype anything to keep viewers this time of year.
      I think Y2K will be the big TV item with all kinds
      of specials and looking in on the IT departments to
      see what they have planned for 12/31, from beds in
      the office to all kinds of things. JMO
      THE DOG

 
EMC
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