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: Lizzie Tudor who wrote (6322)	8/20/2002 3:45:28 PM
From: Larry Livingston	Read Replies (1) of 6531

Lizzie, Nice link. If you check the mutual fund listings you will see several index funds as being among the top 15 shareholders. Also Nasdaq-100 trust added about 3 million shares. Now technically when money flows are positive that's great for Broadcom because that's stock taken out of supply but watch out if people start pulling out of Index funds. That supply comes right back out automatically. The result is a viscous circle. More and more supply hits the market on top of insider sales and you will get a market where the only buyers are shorts who need to cover. But in a downwardly trending market they won't cover until the single digits.

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