I have held several hundred shares of Broadcom since the Company went public in April, 1998. I read about them one morning in my local paper, the
the local Orange County Register.
And I started researching the company, and I read in Red Herring magazine that they were rated the TOP private company.
Let me say that the only investing mistake I've made so far with BRCM is I sold 200 shares back in August, 1999 because I thought we would see a "correction" sometime in the Fall. Boy was I wrong! I am living to regret that sell order. So what have I learned between August and now? That I will never sell Broadcom shares again - I will hang on to my 800 shares, through splits and more splits until one day the Company is worth several hundred billion. Let's see, it's valued at $20 billion today? Within 5 years Broadcom will be worth well in excess of $100 billion. Easily. I'd say closer to $200 billion, give or take a few bil. So the bottom line is if you believe in this company and their leadership and products, keep your perspective and don't sell into any "panicked" market conditions, as I made the mistake of doing in August. Don't try to outguess the markets, and then sell when you feel brcm has "made its run." This is stupid. I missed Broadcom's biggest run yet this past month (with those 200 shares I sold) by thinking,
"Broadcom is due for a sell-off." In fact, I didn't think it could hit 200 until next year, and this goes to show that you better not underestimate the momentum of this stock. 2001 could be more of the same - up up and away as interactive services REALLY begin to take shape. |
