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 (1712)	5/24/1999 12:31:00 PM
From: Andy Wall	Read Replies (2) of 6531

we will not see 80. A general rule i use is that after a run like brcm had from 65 to 107 a 40% retracement of that run usually takes place. This would figure out to be retracement of(107-65)*.4= 16.8 or approximately 17 point retracement from 107 leaving 90 as an estimated pullback buying point if it ever gets hit. But in this situtation i don't feel it will get hit because, I don't feel our run-up is over, yes we may be down 6 points today but NASD is down 60. With a strong market, this run is not over yet we will see 120 shortly. -Andy

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