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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: rydad who wrote (4520)11/8/2000 8:47:44 AM
From: marginmike   of 6531
 
I prefer selling puts because it is more likly that BRCM bases for 3-4 months before moving up again. If you look at other beaten Highfliers Qcom, JDSU etc they grind out a bottom and base before they will move up. It also gives you another 10-15%(depending on month, strike) protection on the downside. IE If I sell puts on BRCM if it hits 154(my target) I can buy 10-15pts of downside protection and if it goes sideways I make premium.
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