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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: DOUG H who wrote (3986)6/25/2000 3:27:00 PM
From: Raymond Duray  Read Replies (1) of 6531
 
Hi Doug,

Monday should be 'interesting' for the NAZ. Bloomberg has listed the NAZ futures at limit down (3.5%) for the open. I suspect that the FOMC will be used as an excuse to take things down a notch or two. I may become a buyer next week if there is enough panic. :~)

BTW, they make far more on pinching off spreads than they on $12 trade commissions. It's been interesting to get the reaction of some of my relatives and friends when I explain this little manipulation to them. It's so frustrating when I see a bargain crossing the tape and I can't get the opportunity to participate, simply because the MM's have been running the stops and inventoried the stock to sell at a higher level as demand is pumped. I frequently need to remind myself that it is just a game. <g>

R.
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