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

To: Jean M. Gauthier who wrote (3581)2/16/2000 5:55:00 PM
From: Keith A Walker  Read Replies (1) | Respond to of 6531
 
"Anyone know why it was strong today, in a really shi!@# day for the market ?"

Jean, the way relatively heavily shorted stocks seem to perform on relatively lousy days in the market, seems to be up: shorts are basically trying to buy back their positions. I think shorts on BRCM know they are in trouble and are looking to cut their losses - hence, the nice move today - also, perhaps some sympathy with AMAT's stellar performance.

Who knows for sure, but being long BRCM is the only way to be!

Cheers, Keith



To: Jean M. Gauthier who wrote (3581)2/17/2000 11:47:00 AM
From: hospitalman  Read Replies (2) | Respond to of 6531
 
I can't give you a specific reason for it's performance today but it seems to me that there is rotation of money from "old tech"(msft,intc etc.) to "new tech"(brcm,pmcs,ntap,jdsu,etc.)and price appreciation then becomes a self fulfilling prophecy. Don't know if I'm right, don't know if it's a good thing if I am, just my opinion.
Ken


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