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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST

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To: Hiram Walker who wrote (310)7/11/1998 9:22:00 PM
From: anyer  Read Replies (1) of 6531
 
Hiram,

I just bought back VTSS this week as the chart is outstanding. ANAD may be undervalued and has completed double bottom on chart but you want to be in the most overvalued stocks in a group when the group turns around. Semiconductors have been shattered but lo the charts of VTSS, MMCN,PMCS,RMBS, and BRCM tell a different story. These will be the best performers because the mkt already knows in advance. ANAD may do fine as far as I know, but the mention of a new contract didn't seem to breathe much life into it.
Crazy mkt where most overvalued stocks do the best especially in tech.
Look at AMZN in early June, first of internet stocks to breakout of correction and the most overvalued with no earnings at all; yet the stock tripled in 3 wks. Go figure.
Have bought MMCN,RMBS,VTSS and probably will buy BRCM. Intrigued by chart and Tech Partners reference that BRCM making satellite connectivity chips.

Regards,

Anyer
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