EMC

By Steve Abraham on Apr 21, 2008

The beaten-down-tech-stocks-that-might-be-recovering theme continues with EMC. The stock has been halved recently. Yes, they are subject to a slowing economy but that isn’t going to last forever. I think the stock is attractive at these levels. The company is a leader in its field and continues to make money. It also holds a large portion of VMW, a former tech IPO darling who has also gotten crushed recently. The chart looks like EMC will move higher.

This entry was posted on Monday, April 21st, 2008 at 6:17 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

6 Responses to “EMC”

By Ryan on April 22nd, 2008 at 12:14 am

I agree that the stock is attractive here, but I also like to hedge my bets, so I bought today before earnings and sold the upside May $17 call. I make a lot of hedged trades like this that you can see at concisetrading.blogspot.com.

Ryan

By David on April 23rd, 2008 at 9:50 pm

16-17-18 with good earnings it should run but I would stick with a better chart in BRCD

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