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EMC Takeover ?
"Rumors" circulating that EMC will be bought out. Louis Basenese (Contrarian Profits) says to buy EMC stock outright .....or perhaps utilize CAll Options Aug 16 08 $15 call EMCHC, or for more conservative , Oct 18 08 $15 Call EMCJC , or Jan 17 09 $15 CALL EMCAC . Who knows ?, but options activity is huge on these calls.
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Just Posted on Yahoo Blog Today 8/5/08
CSCO to BUY EMC 2 minutes ago CSCO will announce it has extended an offer to purchase EMC for $19 per share on their conference call TODAY!
We will have to wait for the conference call and see. Currently EMC is trading at $14.71 ......who knows for sure ? -
Pete,
It figures, I sold EMC last week.
----------billyComment
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Billy Only Rumors
Billie CISCO did come up with good quarterly results yesterday, but no mention of a buyout of EMC ........so who knows?Comment
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