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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST

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To: justinoo who wrote (4718)11/26/2000 7:50:24 PM
From: waverider  Read Replies (1) of 6531
 
Don't strut...it's unbecoming. Sometimes the market coopoerates with one's predictions. Regarding BRCM's stock price, it needs to hold this 110-120 area. Looking at the charts it has hit some support here and may hold up. I am thinking of finally entering here but I want to see if this price holds. I suspect we will retest at some point. The result would be telling. The stock is still overpriced, however, and if we fail to hold this position, I suspect we will visit the $75 range in short order. No question there...I would pick up shares big time there as I see that area as the fair value range.

For chart:

askresearch.com

Rick
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