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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Gujju Bhai who wrote (203)	4/24/1998 12:05:00 AM
From: srvhap	Read Replies (1) of 6531

I am not sure I follow you. First you say on 4/18 that you make a mistake by buying with an open order at 67, then you say that your target is 48 - 50? Are you looking to average down? Or looking for a major tax loss? I am confused. <<To: +srvhap (134 ) From: +Gujju Bhai Saturday, Apr 18 1998 11:06AM ET Reply # of 204 Please learn from my mistake... I placed an order for BRCM at the market (did not put a limit order).... Guess what happened ?? Yes, I ended up buying at 67 .... wish I had read your comment 2 days ago... I am a beginner in this investing game... I would like to repeat your suggestion for others... PLEASE DO NOT PLACE AN ORDER AT THE MARKET PRICE.. WE DO NOT KNOW WHAT KIND OF GAMES MARKET MAKERS PLAY....I am going to have to wait some time now to recover my money.... >> <<Rod -- I totally agree on BRCM pull back... talked to a broker friend of mine at Merrill ... he is asking his clients to wait for a while.. expects a pull back.. thinks current valuation is inflated considering that initially they were considering the offering to be in the $10 - $12 range... My target price to get in is around $48 - $50 ...unless, one sunny day my risk taking attitude has gone up...>>

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