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: TATRADER who wrote (4380)	10/17/2000 8:20:57 PM
From: Keith A Walker	Read Replies (2) of 6531

Actually, day after tomorrow BRCM's P/E will probably be south of 300 - not due to price deterioration - but due to upside earnings and a split announcement. I would be surprised if we didn't get at least a 2 for 1 split out of them tomorrow after the close. Good luck if you are shorting BRCM - you may win due to the overall bear market in technology - but long term (maybe two more months) shorts will lose out. I expect that volatility will reign supreme for the remainder of October - but once some new economic data comes in, oil gets under control and talk of lowering interest rates takes over, in order to avoid a recession - we should begin retesting old highs. Cheers, Keith

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