Stock Alert (EMC) Update (VTSS, UTSI)
Shares of EMC Corp. (EMC) have slowly fallen
since the earnings came out earlier in the month.
There has been some talk on the trading floor that
several large institutions are supporting the stock
at the high $11 level. We've recommended it several
times over the past few months for profits as high
as 20+%. For now, we recommend buying at $11.70
or less. From there, we'll look for a quick gain
using a trailing stop gain from $12.85 and higher.
VTSS - No problem selling for a nice gain at $2.75
or higher. We'll consider buying again on a pullback
below $2.45.
UTSI - Earnings are due after the close on
Tuesday. The stock has rallied very well off the
lows set last week. We recommend keeping a trailing
stop gain from $31 and higher for a 10%+ profit.
Earnings should easily meet or beat expectations.