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: Stoctrash who wrote (945)	3/3/1999 10:30:00 PM
From: TA Trader	Read Replies (2) of 6531

Hi Fred, Thanks for the reality check! I shouldn't have posted but I was a little upset. Re:BRCM. I am neither long or short as I sold last week after its run to 68. Sold at 65 and 62. Chart is deteriorating and therefore very dangerous. 200 MA is only 43 but stock is oversold. I think this market bottoms in here this week and starts a major rally to new highs into April. I'm buying XRCM now. I bought CMGI this week also. I might buy some BRCM tomorrow as it will be at the very least a short-term trade from here. I wouldn't buy on any gap but wait to fill in. If it is lower on the open, I will most likely buy then. My concern is that the volume has picked up on the downside and someone/something could know something we don't. Fundamentally, this company is booming and comparisons will be very strong for the first quarter and beyond. That's it, I'm a trader. Don't let the BEARS scare you! What a Country!

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