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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: Clint E. who wrote (15906)	5/8/1998 1:52:00 PM
From: giddy guru	Read Replies (1) of 69795

//gg// Clint, BRCM opened at 70 and downslide from there. First day buyers will get out breakeven/smll loss. 65-70 may pose some resistance. If underwriters come out with strong buy, this will blow through 70. Everyone is waiting to catch the next INTC or MSFT. This stock has a good chance of success. Their revenue doubling each q. Last q earnings .19 cents. CSCO, GIC, INTC alliance/investment. But a lot of volatility. Today the volume is over 500K and up 5 points. On May 1, the same - volume over 500,000 up 4 3/4 points. Looks like big acumulation. /gg/

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