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

To: Jordan Levitt who wrote (4695)	11/20/2000 10:38:42 PM
From: Rob S.	Respond to of 6531

The market has a big migraine headache and wants quick relief, not lofty promises about a distant future. The high-valuation fiber-telecoms, biotechs, and fuel cell stocks are the last sectors to get taken down in the Russian roulet rotating sector devaluation. At some point this stock will rebound as investors again become convinced that big things can defy gravity forever as long as you love them strong enough (come on children, if we wish hard enough . . . "fly dumbo, fly!"). These have become short-term trading stocks only. Even elephants bounce a little after they hit ground.

To: Jordan Levitt who wrote (4695)	11/21/2000 7:40:40 AM
From: edamo	Respond to of 6531

jordan...thanks, fully aware of the underlying fundamentals, but in the current market all i look at is the momentum. it is obvious that brcm momentum broke as it failed to set higher peaks, not in share price, but in a combination of factors that determines momentum. this components are consolidated in a slow stochastic indicator. i went long in brcm at 105 in dec99....stopped out at 209 weeks ago. market is showing no mercy on high pe ratios...peg being disregarded. not anti brcm, very bullish overall, more a realist... good luck on your trade ed a.