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: Stoctrash who wrote (3027)	11/2/1999 11:54:00 PM
From: Brian Malloy	Read Replies (1) of 6531

The chart and RSI on BRCM is getting quite interesting. This is going to play out over a few months. A couple little things I'm looking at in the short term, we are above the 50 DMA and have a gap around $120 after this recent powersurge. We also must keep pushing to get through a potential double top. I'm considering selling some Nov covered calls with the strike two levels above. Then waiting for the gap to be filled and once again loading up the truck with calls. We are only now pulling up out of the RSI trough. The peak will see us at $200-$210. Any ideas?

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