Brocade Communications Systems,Inc. (Nasdaq-BRCD) Message Board

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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: Keith Howells who wrote (576)	8/7/2000 11:30:22 AM
From: Bo Le	Read Replies (2) of 1583

I doubled my short position on BRCD today at $209. Now my average cost is $194. As long as the Nazdaq moves with it, I am more than happy to see BRCD leads the tech issues up. There are good money to be made in stocks like BRCD/RBAK/JNPR/JDSU and many others. I consider my current long position on RBAK/JNPR/JDSU as a short term play but short position on BRCD as a long term play. I feel BRCD is a nice company but only worth about $25 (yes, 100 PE) if we don't consider market crazyness. But market emotion always goes back to normal soon or later. I feel I am quite safe shorting BRCD at this level. Go BRCD!!! My two cents. Bo

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