econwizard: EMC -- What Happens When You're Not Watching

About Me

Location: Massachusetts, United States

My "I" is constantly changing (perhaps this is merely AD/HD): overdetermined nexus of cultural forces emanating from several continents: skeptical of all Truths and seeker of the truth: iconoclast by enculturation, brain chemistry, and, perhaps, choice: perpetually perplexed, particularly about why we exist/ as the manifestation of overdetermined forces whose existence (and nature) is not as solid (or simplistic) as we would like.

Thursday, July 13, 2006

EMC -- What Happens When You're Not Watching

Took a break from trading, came back and was planning to raise one of my limit sell orders on EMC but it had already triggered at 10.12. Oh well, made some money and will try to buy the shares back and restore the full position if it falls back below 10.05. This is one funny market today.

By the way, if any of my former students reads this and is shocked that I'm buying so many tech stocks (when I usually avoid them), this is an indication of how far they are trading below fair value. As you know, I don't buy anything that isn't selling at least 20% below the intrinsic value calculated with my proprietary model.