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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Black-Scholes who wrote (1482)	5/3/1999 10:03:00 PM
From: Bobby	Read Replies (3) of 6531

I have taken enough courses in finance to know that things like the MM theory of capital structure are great in the classroom or in an investment banking scenario but fall short in real world apps. Also, all my finance profs told us that the markets were overvalued and yet lamented the fact that they didn't have any money in the market. They all debunked technical analysis (weak form of market efficiency) but the problem is that TA is self perpetuating and it is perilous to ignore it. BTW - I have taken these courses at a top 5 school so please don't try to trash my education. One can profit from investing in a company like broadcom because the story hasn't reached "Money" magazine subscribers. Once it does or Broadcom shows signs of slowing down, it is time to get out. In the meantime using FA,TA, black magic are all valid forms of assessing how Broadcom will perform in 3-6 months. I never buy a stock on the basis of TA but have seen the power of momentum investors jumping on a stock purely on the basis of TA. As long as they do it to a stock that I own, I have no complaints. However, knowing that these guys can get out based on TA is very important for me.

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