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: giddy guru who wrote (176)	4/21/1998 12:50:00 PM
From: Wizard	Read Replies (1) of 6531

Despite some people's feeling that BRCM would drop drastically at this point, it appears to be building some support levels. If you have been watching the daily charts on BRCM it has built more technical levels in just a few days, than most stocks do in several months. I agree with some others, in that as soon as the support levels are established (next day or so), that this stock will start a climb-out and probably go past the $70 level. What it will do after that, is anyone's guess. A lot depends on stockholder reaction and what the institutional people do.

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