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


To: tensforme who wrote (3282)12/20/1999 12:08:00 AM
From: Phil(bullrider)  Read Replies (1) | Respond to of 6531
 
tens,

This is an off topic response to your post, but is relevant.

I bought 50% of my position in ISLD @ $30, shortly after the IPO. The share price began to fall, and I said, what the hell. If it was worth $30, it is sure worth $19. I doubled my position @ $19.

Right after ISLD spiked to $75 or so and started down, I entered a sell order for my $30 shares @ $62.

I felt wonderful about my trade, because I still held my $19 shares, that I felt were free.

I received my statement the other day, and found that I still held my original position. (100%)

So I issued a sell order for my $30 shares @ $136. Call me a "most happy camper".

Now, concerning BRCM.

I am long from around $100, bought around the middle of June, this year. I thought about selling after it rose to about $150 and back down to around $115.

Needless to say, I am glad I didn't.

Have fun,
Phil



To: tensforme who wrote (3282)12/20/1999 10:31:00 AM
From: Stoctrash  Respond to of 6531
 
..ohhh yeah...well I haven't even though about shorting it for over 110 points, heee heee!! Congrats on your "score"!!

Lets not get silly with the market cap forecasts here....they are in the drivers seat right now but looking forward more than 12-18months is silly in this biz, IMO.