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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/24/2001 3:01:13 PM
From: besttrader	of 37746

14:48 ET Broadcom (BRCM) 39.95 -2.27: Hearing that CSFB just spoke on Broadcom, saying that the firm will institute an option repricing program under which employees will be able to reprice over next six months. Investors often interpret repricings as a bullish indication that management sees a bottom in the stock price, but six month time frame may suggest that there is further downside risk. 14:48 ET Sector Watch : Afternoon buying interest in the biotech (+3.3%) and software (+2.3%) sectors along with a turnaround in the semiconductor stocks (Intel pacing the way) has helped light a modest fire under the Nasdaq.

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