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

To: Brian Malloy who wrote (3774)	4/12/2000 9:24:00 PM
From: Keith A Walker	Respond to of 6531

Brian, Definately enjoyed your post - a few thoughts. Are they so busy running their mouths that they don't read, research or think for themselves? A very good friend of mine runs some of the private equity money of the Rockerfellars. She's actually the technology analyst for the boutique firm where she works - her educational background: Music and an MBA from Columbia. An exceptionally bright person, but, technology analyst? Not. Most of Wall Street's "pros" impress me like a turd-in-a-punch-bowl. There are clearly exceptions, but how many times has Ralph Acampora come out with a sell signal only to actually call the friggin' bottom. Hey Ralph, you out there, I think it is time for you to do your sell thing, and then only a week later go to a buy position again. Geez, if I only had the luxury of being wrong more than 50% of the time in my job and paid high 6 and 7 figures for it. OK - enough bitchin' about ANALysts. Also interesting to note that this level around 3,500 gives us about a 1/3 retracement from the old highs. Who are we to argue with the Fibonnaci <G>? Terrific observation. I was thinking along the same lines. Good'ole Fibonnaci is calling this one. I'm with you 100%. The chart pattern links are very instructive - can't say I've seen a Diamond before. I believe only tenuously in TA. It works as long as everyone else thinks it works. Back to the herd mentality. My belief is that to beat the market, you have to anticipate the discontinuities. Huh? Dah? Yeah, Keith right, just state the obvious. In this way, I see a chart as food for thought; useful, but limited by helping to understand patterns of the past, albeit, this may have some predictive value, but I have doubts about relying solely on charts for making my overall guesses. -Bottom line, continued volatility ahead. -We could run hard and fast back up. -Seasonality can no longer be ignored, it argues against higher highs. -In the near term, for those remaining invested with "risky" positions, the need for maintaining protective strategies can not be over stated. -It will be possible to profit greatly regardless of which way this market goes given proper positioning. (Straddles, puts whatever works for a given individual) -Mobius and the rest of the he man tech haters club will soon see the DOW get bonked on the head again Volatility is your friend. Learning to look at the downside as an equal opportunity with the upside, means having to unlearn everything we were ever "taught" about investing. Right on! Cheers, Keith