I've been really wrong before, but...
..BRCM has been more than I could have hoped for in the last 6 weeks. The "exuberance" we feel is fabulous, but, I've got to believe there will be some profit taking near term. Split announcements can have that impact, although, QCOM's just sent the stock spiraling upward!
Let's hope for 2 for 1 with succeeding 2-1 spits about every 18 months for the next 5 years. If you just do the math, 25% appreciation in BRCM for the next 5 years, given a starting point of $200/sh on Monday will return 275% by year end 2004. That is $10,000 today (50 shares) will be worth $27,500 by year-end 2004. (Who cares how many shares that will turn out to be.)
FWIW: To add a little icing on the cake, buy calls/sell puts when BRCM is over-sold. We've got enough savvy people on this thread to keep up with the TA.
Good trading to all, Keith |
