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To: Lizzie Tudor who wrote (152046)1/27/2003 2:14:04 PM
From: David Howe  Read Replies (1) | Respond to of 164684
 
<< I sure wish a talented short would mosey on over to the brcm thread and figure out where the bottom is there. >>

I'm not talented by any stretch. But, FWIW, I'll offer an opinion. Sadly for BRCM, it looks like the bottom is around $9 and it's trading today at $14. If you have a really long term outlook, accumulating at these and possibly lower levels might work out. However, if you have a short term outlook, I suspect that upcoming market weakness will take BRCM back down to the $9 area.

The market looks to be short term oversold right now and we could get a bounce at any time. But, IMO, the Nasdaq is headed for a new low in a few months and that will drag BRCM back down. If the new low in the Nasdaq does occur in that time frame, I'll be buying for both trades and holds.

Just my opinion.

Dave



To: Lizzie Tudor who wrote (152046)1/27/2003 2:42:50 PM
From: GST  Read Replies (1) | Respond to of 164684
 
There seems to be substantial foreign selling of our stock market -- given our "foreign policy" direction and our economic situation, it is not surprising that foreigners are losing confidence in our political leadership and in our markets. If this continues, it is a long way down before the market gets "cheap". The slide in the dollar is not a good sign, to put it mildly.


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