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: md1derful who wrote (1918)	6/16/1999 9:08:00 PM
From: Brian Malloy	Read Replies (1) of 6531

Greenspan might say something to rock the markets so Thur and Fri may be touch and go. However, the Semi breakout is for real. The SOX chart is beautiful. Trading in a tight band with seven tests of the top and we finally breakthrough and the Semi-industry announces good improving growth going forward. This leg up for the semi's will play out for a year or more with ups and downs along the way. We broke out on the SOX at about the 430 level. This first wave can take us to the 560 level. Beyond that the next top is in the 800's so we can run for awhile. INTC will just come along for the ride, retesting its high at 71 and change, breaking through and heading on to a double from current levels. BRCM: I actually, like the way the chart is forming up. It isn't perfect due to the volatility of this stock but we can break out of the cup and handle formation at any time in my opinion. $120 is within grasp.

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