Since TM has been banking money in an effort to get back to our mission statement and double our money every five years, what do you guys think about banking the 20% profits in EMC and selling it?
there is evidence to suggest there is an increase in tech spending going on. that could drive up EMC stock price.. I also think that the market is set for a correction soon as this recent rally is unwarranted by economic indicators, so I think it's safe to say if we sell and bank profits that we'll have a re-entry point in the coming month or two. here's an article on tech:
4 comments:
I have no problem selling for profit, but do you think EMC has hit its ceiling? If so then why?
By that rational, why don't we just liquidate all our of profitable stocks and start from scratch?
there is evidence to suggest there is an increase in tech spending going on. that could drive up EMC stock price.. I also think that the market is set for a correction soon as this recent rally is unwarranted by economic indicators, so I think it's safe to say if we sell and bank profits that we'll have a re-entry point in the coming month or two. here's an article on tech:
http://www.marketwatch.com/story/us-stocks-open-up-on-increased-tech-spending-2010-04-14
beeotch
I like that approach. Bank the 20% on EMC and buy back in when it dips to say...12-15 range?
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