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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Keith A Walker who wrote (4001)	7/1/2000 12:14:26 AM
From: Dr. David Gleitman	Read Replies (1) of 6531

Hi Keith: I got "killed" last month selling cc's on RMBS. On the date of options expiration they announced the deal with toshiba and drove the stock up 26 point, way beyond my strike price on 6K shares. Lost me a fortune in profit. Another option is to roll the calls to the aug 220's. Sometimes these things have a way of settling back down a bit by options expiration, however, on the other hand with so many index funds propping their money on the table (92 million shares- whew!) at 213 levels, it makes me wonder that they are going to do what they can to support their valuation. I saw the pullback in the afternoon at 195, but I had to attend to a patient. When I finished, the stock was back to 213. SOB!!! Cursing at my "fortunes". My only feeling is that as in the example of rmbs, there was a pullback of sorts, maybe this will be the case. It seems that the max open interest is still with the July 200's. Opinions anyone? David (considering joining options anonymous)

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