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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: RetiredNow who wrote (237)4/30/1998 9:39:00 AM
From: Bald Man from Mars   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. >>

I think you have the right strategy ...
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