http://investingadventures.disqus.com/enTue, 11 Dec 2007 21:05:02 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622173Hahah.. and that's the dilemma. Diversify.. and perhaps sleep better at night... or don't diversify, have some sleepless nights, but perhaps hit it big (or strike out hard). I've chosen not to diversify. Doesn't matter with a day like today though... :-(JorgeTue, 11 Dec 2007 21:05:02 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622172Which might be never if I don't diversify! :-DAnthonyTue, 11 Dec 2007 20:36:15 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622171I'll diversify 5 years before I'm ready to retire ;-)AnthonyTue, 11 Dec 2007 20:32:47 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622170It's also a great way to manage risk knowing that a wrong move can wipe you out completely. You may not be diversified though but then again some folks don't believe in diversification.JorgeTue, 11 Dec 2007 19:59:16 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622169Chumbawamba was one of the best one hit wonders ever. You're right. Trading takes patience, and a lot of learning. I'm learning about it right now. Always start small. I've heard no one should ever start out with more than $3000 trading. Obviously unless you're very wealthy and can afford to lose more.AnthonySun, 09 Dec 2007 18:33:07 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622168I rode that baby up, and then rode it all the way back down. It's the worst feeling in the world. Couple that with being in the market about 3 months at the time and it almost caused me to find a decent CD to stash my funds in. The market will humble you and will do so quickly. As Chumbawamba would say, when you get knocked down, you need to get up again (well, something close to that anyways... man I'm old.. and I'm only 25!).JorgeSun, 09 Dec 2007 18:23:31 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622167When VMWare was above the $100 mark, I had EMC's target closer to $30. It may take a few quarters before the markets realize how valuable VMW really is. I read somewhere that, in theory at least, for every $8 VMWare increases above a certain value ($80 or so), EMC's share price should increase by about $1. But I agree with you. This is a great value play right now. A P/E of 40 really isn't that far fetched for a company growing at your 20% stated rate. Hopefully the buyback begins to kick in bringing the shares floating around down a bit while increasing their EPS next quarter. They'll blow estimates out of the water next report guaranteed.JorgeSun, 09 Dec 2007 18:21:37 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622166The 17.50 support does seem to stem back from earlier in the year. I would also think that any price lower than about $17 would be a slap in the face for EMC either causing them to think EMC or VMW are completely worthless. VMWare alone I think is worth $13 or so per share. EMC is not worth $4 especially after the numbers the reported in the 3rd quarter with the 4th quarter normally the strongest in the tech cycle. We'll see I suppose.JorgeSun, 09 Dec 2007 18:18:37 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622165I am right there with you on EMC.. still on the roller coasterthewild1Sat, 08 Dec 2007 19:52:18 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622164You can also look at earnings as an indicator which is what value investors look at. The company has 20% growth over the next year and trades at 27 times earnings, but if I am an institutional investor willing to pay twice the growth in terms of PE, that puts the PE at 40, multiply that by the current EPS and you have a stock price of $28.80 giving you your sell target.James WilcoxSat, 08 Dec 2007 19:03:55 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622163Sorry to double post... I wanted to point out there are also other longer term patterns within the chart, it looks like it has a horizontal support around 17.50 and an upward trend on the top line. Thats usually a good sign too!AnthonyFri, 07 Dec 2007 13:57:47 -0000http://investingadventures.com/2007/12/first-attempt-at-technical-analysis-emc-corp.html#comment-1622162Based on technical analysis, I would agree with your decision. I'm going to keep an eye on this one and see how we do!AnthonyFri, 07 Dec 2007 13:55:27 -0000