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: Didi who wrote (5308)	1/29/2001 2:25:57 PM
From: edamo	Read Replies (2) of 6531

di...brcm momentum and technicals aren't the greatest at the moment....would like to see it base with heavy volume in the 125-135 range....it hits its head around 135....macd weak, momentum down, market euphoria can bounce it up sharply, but without a base for a foundation it will trade in a wide range possibly 70+ to 120 until either the buyers or sellers reach exhaustion, or the traders exit the stock....i'd be a trader both sides until it bases, then a buyer i would be....... at the moment i prefer some of the other chips with low pe's that are basing... good luck ed

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