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: Phil(bullrider) who wrote (3849)	4/26/2000 11:56:00 PM
From: hasan syed	of 6531

BRCM (Broadcom--$160.88; +19.00; optionable): There was no split announcement with earnings earlier this week, but again, if the stock continues a very strong recovery, perhaps we will see an announcement at the 4-27-00 shareholder meeting to be held at 10:00 a.m. PST. It needs a strong recovery. BACKGROUND: BRCM last announced a split 1-18-00 at a price of $295. The company is asking shareholders to authorize additional shares at its 4-27 shareholder meeting. STATUS: BRCM has made a nice recovery from its intraday low Monday, then moved up more today on slightly lower, above average volume (7.79 million versus 7.87 million Monday; average is 3.7 million). The stock stalled at its high from last week's attempted recovery from its meteoric fall the week before. It has broken out of a small consolidation, and we will look for the stock to break up from here on continued strong volume. We know that this one can fly in a market rally. BUY POINT: On a move over $162.00 on increased volume. POSITION: Stock and/or August $160 calls to buy on the move. * The above is from investmenthouse.com Stock Splits Report (4/25). Since tomorrow is the shareholder meeting, it will be interesting to see what transpires.

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