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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?


To: moufassa7 who wrote (605)10/18/2001 7:31:50 AM
From: JSB  Respond to of 13660
 
07:25 ET Broadcom (BRCM) 28.07: CSFB upgrades to BUY from Hold following earnings; while market remains cloudy, thinks BRCM is one of the best-positioned Comm-IC players to lead the recovery; finds valuation attractive at 6x /CY02 sales.

6 times sales? Wow, irrational exhuberance is
alive and well, or they have a ton to dump. <gg>



To: moufassa7 who wrote (605)10/18/2001 8:22:57 AM
From: DlphcOracl  Read Replies (1) | Respond to of 13660
 
moufassa7: Do you see market indices continuing upward trend (resumption of bull market) from here, albeit with considerable volatility, or do you think we are in for a retest of Sept. 21 lows between now and end of year?