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: neverenough who wrote (4947)	12/16/2000 5:45:49 PM
From: Stephen M. DeMoss	Read Replies (2) of 6531

Thanks for your input. Based on your 3 charts, the weekly is your best argument that we may see the 140's soon. However, the other charts point to resistance about where it stopped trading Friday and the second chart looks like the W formation forming. The second part of the down on the W would take Brcm back down to the 85 level near term. Based on non-Brcm factors (ie. the trend to down in technology), I would not be shocked if the high (near term) for brcm is either where we closed or about 133, before a leg down to below 100. If the markets rally Monday and Tuesday before the fed announces, I will likely short Brcm right after the announcement. If we sell off Monday and Tuesday, I will likely go long Tuesday afternoon. BTW, I own 1000 Brcm, but trade 1000 based on the daily/weekly swings. Thanks again. Steve D.

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