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: Michael who wrote (4048)	7/15/2000 11:50:20 PM
From: finfan	Read Replies (3) of 6531

I own a few good shares of BRCM with an average cost of $140. When BRCM hit 215 on June 30, I sold covered calls on 14 contracts against the June 240 and I got 7 1/2 points for them. Well, BRCM is at 250 now and I am considering whether to buy the calls back (worth 15 now)or just let them be called away and wait for a pullback after option expiration to buy them back. I have made very good money in BRCM but I am wondering whether the upcoming earnings report on Tuesday along with a possible stock split is enough to push it up another 20 to 40 points by Friday July 17. I am curious what people on this thread would do if they were in my shoes. I was thinking at the time I sold the covered calls that I would be satisfied with 247 1/2 if the stocks are taking away from me. Afterall, it is a 107 1/2 point gain in a little over a month. However, I am battling GREED right now. On one hand, the stock has had a tremendous run and it may be due for a pullback. On the other hand, this coming week has a tremendous potential of a blowout up or down. I am seeking some wisdom here. Anybody willing to offer it? Finfan

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