SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Viapiano who wrote (4605)11/17/2000 4:31:22 AM
From: waverider  Read Replies (1) of 6531
 
Hi...sorry for jumping in here but I am seeing a similar pattern to the posts here that I experienced over at the QCOM thread all last year...from 200 to 51 1/2...a lot of denial.

Look, despite all the manipulation stories and ML bashing the fact of the matter is that BRCM is going down right now and people are freaked out. The market is slicing off valuations in big hunks. And at this point BRCM is still sports extreme valuation. I don't own the stock and yeah I would like too...but please don't get all over me for suggesting there may be a lot more downside here. I'm just trying to pass along a bit of hard earned experience.

I learned as I am sure a few here have (I recognize some names) that the market doesn't give a damn about how good we may think a company is (like QCOM or BRCM)...it will still slice it in half overnight if it wants to.

Timing is tricky and I'm lousy at it, but I really have no intention on buying this stock until it gets into the sub $120-110 range. Went over the numbers again tonight and that's what I figure. I am sure a lot of other potential buyers are thinking the same thing.

All I am trying to say is not to try to blame ML or manipulation or anything else as you go screaming into the abyss. The stock is going down because of overvaluation and the supporters pulled out the rug...for whatever reason.

Good luck you guys.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News