Broadcom (BRCM) Message Board

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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Charger who wrote (10)	4/8/1998 12:46:00 AM
From: Rex Dwyer	Read Replies (1) of 6531

Keep valuation in mind? I know its hard with this company, but I think that the only way to play the ups and downs for an IPO on the first day is to know the company before hand since you may end up owning the company, and be sure you want to own the company anyway. Otherwise, you need to have a model for what is happening during the day. Let's think of who the players are, and how they will act. This is fun. Some players... Tech funds Inst traders Individual traders High Net Worth Individuals Of those, a group of Tech funds and some HNW Individuals are holding onto some IPO stock at about $14 (assuming the price will creep up). Some of those will want to sell immediately. The HNW Indv who want the stock will be putting in market orders at the open to drive up the price initially on the open. So, traders, tech funds, who want more stock will wait for the initial dumping by not so savvy HNW indv and some flipping funds. All of this says that you buy at 9:30 to 10 am... If you want the stock anyway. And know your price... This IPO stuff is all for fun anyway. Later we can talk about the company. Rex

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