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: James Overko who wrote (4033)	7/12/2000 9:55:27 PM
From: Keith A Walker	Read Replies (1) of 6531

One of the worst trades I have ever made in my life was selling a naked call on Yahoo! in October of 1998. This was a time when most "rational" investors (I like to think of myself that way) found the valuations on the AOL/Yahoo!/Ebay/Amazon bunch disturbing and stared at daily price increases of $15-35/day without doing a damn thing. I decided enough was enough and sold an uncovered call - geez, that was a costly lesson - $8,000 to be exact. The best part was that I decided to cover my position and take my loss when the stock hit $300. I was just totally stunned and thought, "how could IT go any higher?". About a week later, YHOO went to $400. I would have almost been wiped out had I kept the short position. I only relate this story to this board because CNBC could cost some investors some big money by putting out crap like "Broadcom is the short-of-the week". Caveat emptor!

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