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: Patriarch who wrote (514)	12/29/1998 7:35:00 PM
From: Bobby	Read Replies (1) of 6531

Pat - since you are the defacto ax for brcm on this thread, I will direct this question to you: I really like the company story and I think I can see the potential that RedHerring and a dozen other magazines are touting. However if I do buy in at these prices, what kind of exit strategy do you recommend. I have done a lot of trading over the years but have not been able to figure this stock out. Of course I have seen it go from 60 to 130 while I was on the sidelines but I am still trying to figure out my exit strategy if the stock drops 20 one day. It can easily do that as it can move up 20 in one day. I realize that it would be very nice to have this stock in one's portfolio but at these prices, it looks like a crapshoot. With a market cap that exceeds it biggest customer (General Instrument), I am not sure of the upside in the stock. In addition the stock doesn't seem to be shorted that heavily but has really exaggerated moves in either direction. Disclaimer : I am not short this stock

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