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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Bretsky who wrote (1619)5/12/1999 12:34:00 PM
From: Brian Malloy  Read Replies (1) of 6531
 
I would say if you are long term then it doesn't matter much where one buys it. If you want to try and get it lower then try to catch it at the $90-$95 level although there is no guarantee that it will make it there.

What you are counting on to see 90-95.
1. The stock has run up nicely over the last week or so. The stock could easily trade down 1/3 of its recent gains as it begins to consolidate.
2. When a stock breaks par/100 as BRCM did today it is not uncommon to see some of the more trade oriented types begin to lighten up on their positions because they know it is not uncommon to see a stock trade down (kind of a self fullfiling prophecy).
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