Broadcom (BRCM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DOUG H who wrote (2289)	7/16/1999 4:47:00 PM
From: Keith A Walker	Read Replies (1) of 6531

Hi Doug, I have taken a "play-it-both-ways" attitude with Broadcom. Actually, have calls and puts to cover my long position. I guess you would characterize me as a "nervous" bull at this stage. I also think the Naz and S&P are ripe for a correction, but, not until the Dow makes its gratuitous run at 12000 and then backs off. Going short QQQ has crossed my mind a few times, and I was looking at the puts today. Just didn't see anything that I liked and felt waiting through MSFT's and CSCO's earnings would provide a good shorting opportunity. Back to BRCM. My best guess: A rise to 150, possibly a gap after earnings, with some major profit taking afterwards. I am buying bigtime at 116 or better, but, really feel the stock is pretty fairly valued right here. There is the distinct possibility of a 2-1 split with earnings. Some may even be factoring it into their buying right now. FWIW, I hope that helps.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next