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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Bruce Brown who wrote (5952)6/11/2001 12:04:00 AM
From: chojiro  Read Replies (1) of 6531
 
Well, you guys are correct, every thread needs a contrarian.

So, I'll try to play the role until either I get stopped out or I get enough on the short side.

Here's my TA read, FWIW, if it doesn't stableize in the 30-34 range, there isn't much holding it up until the upper teens. I know that goes back to almost IPO prices, but I'm thinking of the growth rate back then and what it likely will be near term 6-12 months.

It would take a major undoing of the COMP(1000-1200) to get it below $12(and I probably wouldn't be short that long).

I don't recall all the specifics that Fred was discussing about giving stock away for sales, I think I should have done a little more homework before taking this one home short over the weekend. And the street reacted surprisingly well to the warning, but that is a chance I will have to take. I'll likely cover if it breaks through 42 1/2.

As always, Good luck.
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