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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Bald Man from Mars who wrote (233)4/29/1998 11:14:00 PM
From: RetiredNow  Read Replies (1) of 6531
 
I just think the enthusiasm for this stock was unbridled. Look at Ziff-Davis, great IPO but it only went up $2 on its first day. Just because a company is great and has a lot of potential doesn't mean that the next 5 years of potential should be built into the price. I mean this stock was initially priced to sell at $12! It will come down maybe even to the $30's who knows how far down. I think I will start picking some up a little bit at a time as it drops below $40. That way I can average down until it hits bottom but not miss a runup if there is any.
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