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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Lizzie Tudor who wrote (152046)	1/27/2003 2:14:04 PM
From: David Howe	Read Replies (1) of 164684

<< I sure wish a talented short would mosey on over to the brcm thread and figure out where the bottom is there. >> I'm not talented by any stretch. But, FWIW, I'll offer an opinion. Sadly for BRCM, it looks like the bottom is around $9 and it's trading today at $14. If you have a really long term outlook, accumulating at these and possibly lower levels might work out. However, if you have a short term outlook, I suspect that upcoming market weakness will take BRCM back down to the $9 area. The market looks to be short term oversold right now and we could get a bounce at any time. But, IMO, the Nasdaq is headed for a new low in a few months and that will drag BRCM back down. If the new low in the Nasdaq does occur in that time frame, I'll be buying for both trades and holds. Just my opinion. Dave

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