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To: Clappy who wrote (1004)11/9/2000 9:12:18 AM
From: edamo  Read Replies (1) | Respond to of 1115
 
clappy...."brcm"

you should see the gap close this morning....the question is "then what".....brcm has lost a bit of momentum, still a high pe, and with the current market environment(markets don't embrace the unknown very well) may see 10% or more downside.....remember brcm has a float of 146 million (for comparison intc float over 6bil shares) which causes the high volatility....

just be cautious....

good luck...ed a.

p.s....the "houses" (who are these houses!!!) don't really act in conspiratorial unison to bring a stock down.....too much emphasis and credit is given to such conspiracies....better to become intimate with the dynamic (e.g.. brcm on recent up days didn't show a strong move, indicating a short term topping)and underlying fundamentals, which should give you the advantage...



To: Clappy who wrote (1004)11/9/2000 10:45:27 AM
From: Didi  Read Replies (1) | Respond to of 1115
 
Hi Clappy,

Congrats on your latest purchase. You'll be fine long-term. Things should improve once lifted political uncertainty, along with positive seasonality.

Per my real-time weekly charts, ~150/153 area provides excellent support for now. Rebound overdue due to an extreme oversold condition, along with the CEO's earnings assurance.

zdii.com
stockcharts.com[L,A]DACLYYMY[DC][PD20,2!B50!B200][VC60][ILA12,26,9!UH14,3,3!UK14!LL14!LB14!LJ[$SPX]!LF!LG!LC20!LM12]

Excellent forecast by my options mentor. He accurately called the closure of BRCM's June gap, and noted its progressively weak momentum.

But, released more short puts due to technical readings on my charts, along with this oversold condition. If wrong again, "ET phone home" ;-).

Good luck, my friend.

di