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

To: Allen Furlan who wrote (6374)	9/27/2002 7:23:15 PM
From: uu	Read Replies (1) \| Respond to of 6531

Allen, I hardly ever short a stock (simply dont have the gutz to do it), but this one was so obvious and so easy to predict. Since it was at $65/shr I wanted to short it, but never found the gutz to do it. Finally at $18 I said what the hell... Have been short since $18/shr, been in an out of it a couple times and back shorting it again. As for where BRCM will be.... well... 1) By the end of October 15 -- well into single digits ($8-$9/shr). 2) By the end of 2002 -- (if Nasdaq rallies - which I think it will) -- probably in the $7-$10/shr range. 3) By the end of 2003 -- (well... thats a bit long way to predict... but I say: $3-$5/shr at best - and at worst 10 to 25 cents per share and getting ready to do a 30 to 1 reverse split. And I will be very surprised if the worst scenario did not take place!)! BRCM is the preresentative of what is wrong with this market! An immature company, with an immature management that somehow managed to con an immature market to give it such high valuations beyond anyone's imaginations. Lucent and Nortel no longer can pull such deceptions, why should a far less inferior company such as BRCM be able to do?!