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Strategies & Market Trends : Take the Money and Run

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To: Petrol who wrote (9257)	7/18/2002 9:49:20 AM
From: uu	Read Replies (1) of 17639

If I were to play I would short it here in the upper $19's-low $20's. Besides company being so overvalued (sellin at 8 times its sales and losing BIG time money every quarter), it has been singled out as the example case by the media for abusing the stock options. In case they ever pass a law for corporations to expense their stock options, BRCM has to restate its earnings by 1574% to the downside! :) This article SINGLES OUT Broadcom as the poster-child of options-expensing abuse. money.cnn.com

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