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

To: Brian Malloy who wrote (3930)	6/2/2000 10:39:00 AM
From: Keith A Walker	Read Replies (1) \| Respond to of 6531

NDX 4000 here we come! To AG and your Fed-hooligan friends: BACK OFF! OT: A few weeks ago the bank called and tried to get me to lock in the rate because they said it would only go higher, they base their loans off the 30 year bond. The 30 year bond was at 6.25% that day. I then proceeded to give them a lecture on where I thought rates would be heading and why to include my take on the June and July fed treasury options market in Chicago. I locked in based on 6.25% but got a float down option at not cost. They looked at me like I was crazy and I'm sure when I left they were probably laughing and saying that sucker is going to pay up even more. Brian, very cool. In my experience, anytime banks encourage consumers to lock in, it is a sign that rates will drop. My new mortgage is going to be based on 1-month LIBOR with 1.5% margin. Now, who knows the history of LIBOR? Guess what, going back over ten years, it has a low of ~3% and a high of ~7%. So I am looking at between 4.5 to 8.5% if history repeats itself. BRCM back to ~$250 by end of August. By the way, anyone know if they will be at Super Comm next week in Atlanta. AFCI is there and so is XDSL. Cheers, Keith