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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (2284)7/15/1999 5:51:00 PM
From: Farfel  Read Replies (2) | Respond to of 6531
 
It could just be the options expiration tomorrow which is keeping BRCM in the 140 area. If there is no movement Monday or Tuesday to the upside, it might be time to reevaluate for anyone who "trades" the stock------because then, it will, as someone else has already mentioned, take a "real surprise" to get any "upside pop" in stock price-----especially considering the recent run-up BRCM has already had.

Long term people need not even bother worrying; but short term traders should be watching this carefully.

CNBC kept saying that the "chip sector" was down; but the Fidelity Select Electronics (chips) fund was up .44 cents or .65%; so I don't really see how it was totally "down" as CNBC kept reporting.