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

To: John Koligman who wrote (4641)	11/17/2000 11:24:57 AM
From: edamo	Respond to of 6531

john...i owned brcm, was "stopped out" at 209 against my cost of 105 (orig purchase 12/99) i try to follow the rise up with stops....set the 209 with the common at 240+, got stopped, it ran up a few times, but it was evident the upside momentum was diminishing. at this point in an unfavorable market environment it can see sub 100.... we are closer then ever to a bottom, chips will lead imo, but the leaders will be the low pe value/growth situations who have had the time to base a bit..... follow most of the tech threads....agree fully with you on the current market action....still remain bullish good luck ed a.

To: John Koligman who wrote (4641)	11/20/2000 3:31:17 PM
From: Dave	Read Replies (1) \| Respond to of 6531

When manias "unwind" they never ease into a rational valuation, but rather they always overshoot. Speculators, essential ingredients in any good mania recipe, buy high-flyers on margin and when the bubble pops, the speculators get margin calls and have to liquidate their good stocks as well as their bad. That's why even reasonably valuated and cheap stocks will get smacked by the end of this bubble. You should not be surprised to see the Nasdaq hit 1500. Watch for some pain in the Dow and S&P indices as well. There will be some fantastic bargains at the bottom, but trying to guess when that happens will be a dangerous game. Dave