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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?


To: Bo Le who wrote (577)8/7/2000 10:09:15 PM
From: Keith Howells  Read Replies (1) | Respond to of 1583
 
Bo,
Another great day for BRCD. It's now technically broken out and we still have earnings ahead of us. I personally think momentum players will begin to pile in at this point. The last trade I show was close to $215.00

I do believe it will sell off after earnings, but who knows how far. It depends upon a number of things - market tone, a split announcement etc.

I hope you know what you're doing and the light at the end of the tunnel isn't a train. Best of luck.



To: Bo Le who wrote (577)8/10/2000 5:54:48 PM
From: Neville H. J. Gorman  Read Replies (1) | Respond to of 1583
 
I can understand your short term motives. I will stay with BRCD until growth levels off considerably. No way you´ll see $25. This quarter´s earnings are estimated to be $0.16. Runrate of $0.64. At $25 the PE would be 39 on a conservative runrate and monster growth rates. You must be joking.
I´ve held this stock for about a year now despite all the naysayers. I saw some shorts like garrick le and Tom Hua last year who thought they were clever. Don´t play with fire. Better short stocks like AMZN and PCLN.

Neville