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I just opened an EMC position (split my buy actually - part the day before the big drop, part after; thank goodness for unlimited the way, I'm usually not that lucky). I think the long term potential for EMC is there. Value Line puts the 3-5 yr price target at $115-170.

I'm holding other tech stocks as part of a diversified portfolio (which is 1/3 tech). My other tech holdings with big appreciation potential include (with VL 3-5 yr targets): BEA systems ($65-110); Verisign ($190-320); QLogic ($140-230); Rambus ($55-90); and Ciena ($75-115). Most of these have really been hurt during the tech crunch. They may be hurt even more - hence diversification.

If you'll allow me an aside here - this diversification approach is new for me but the values just seem too compelling. During May and June while the NAZ was in a trading range I traded in and out of stocks using TA and studying chart patterns. My personal observation was that TA works - MOSTLY. However, it requires that you watch your stocks like a hawk and absorbs a significant amount of time. Time taken away from wife and kids in my case. My family deserves better so I switched to more hands-off portfolio where I stand now.

I think in a year or two many stocks (tech included, but beyond that) will seem cheap at these prices. Sure, things look ugly now but I don't think McDonald's or Ford are going out of business. I consider myself a growth investor not value - but many growth stocks have fallen to value stock prices. Randy
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