Watching EMC

[EightCounts]

Showing to be way oversold and it seems to be hitting support in the mid 14's. I think for the short term this stock could go a little bit lower to the low 14's where there is really strong support or it will bounce from here. I am thinking this is a nice swing trade that could get a 5-10% gain.

[wallstreetsedge]

i agree with you on this.. i think you can see $15.50, its just a snore though.. i can be 2 weeks+

[nickel_buck_fifty]

I agree with it going lower, it may bounce if the overall market gets a good rally. I watch EMC a good bit. I own the July $14 puts so you see where I think it will go sometime in the next three weeks. :D

One more thought, EMC usually lags the market a little bit. What I mean by this if you see tech sector stocks really start to move up you can then buy EMC and it will usually follow and the opposite hold true if they all start falling EMC will follow. Right after EMC spun off VMW it would be unreal the way VMW would make a move and then EMC would follow it, wish this still worked.

[wallstreetsedge]

emc is way too big... if anything, play the volatility but i might say go in the money 3 strikes

[nickel_buck_fifty]

Hope you got in on this. One of the few that was green on my screen today. Seems like some VMW news may have helped it.

[wallstreetsedge]

looks like its hitting some turbulence here at 15

[BuyOnDips]

It got hit today. Even a "safe" tech stock like EMC gets rattled in this market. The VMware warning hurt them. I almost bought some shares a few weeks ago. Some of the best trades are ones you don't make.

http://gowest.blogs.fortune.cnn.com/2008/07/08/emc-to-vmware-ceo-buh-bye/?source=yahoo_quote

http://finance.yahoo.com/q/cq?d=v1&s=emc+vmw