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: Bald Man from Mars who wrote (388)	9/29/1998 2:46:00 PM
From: SliderOnTheBlack	Read Replies (1) of 6531

Post Lock Up Selling... While this company is unquestionably a ''must own'' longterm... I have absolutely no question in my mind, that we will see substantial selling coming at the expiration of the post IPO lock-up period. In this unstable market enviroment; it would be ridiculous to not take some profit here. Personally, this will be my entry point. I would think we may see mid-high $60's; but certainly no reason for longterm holders to sell - I would expect a bounce soon thereafter... I would view it as a buying opportunity for ''new money'' as myself and a shakeout of the weak-hands as well. All in all; good for building a solid base to move higher... No one in their right mind who has done their homework here, doubts the upside far outweighing any potential near term volatility. Hoping for a quick blowoff and a window of opportunity to buy in here... I just can't pull the trigger in the $70's +; give me an opportunity to own this gem at $63-5 please... good luck all - see you at $120 ? same time next year...

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