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


To: Gujju Bhai who wrote (153)4/19/1998 5:19:00 PM
From: Wizard  Read Replies (1) | Respond to of 6531
 
You are making an "assumption" that just because of one dip. you made a mistake. If you look at the volumes and interest in this stock, the next few days could very well prove interesting. I doubt very seriously if we have seen the top on this stock yet. It could easily top $100 in the next few weeks, with all of the interest in this stock. Watching something that closely, can give you false reactions and cause you to make some serious mistakes. Trust you "gut" and do what you feel is right and stick with it, until something fundamentally changes to tell you to switch directions. Don't get caught up in the single day sceanario of an IPO. If you look at the one-day chart of BRCM it has a life of its own. It has generated more of a technical track record in one day, than most stocks do in several months. For more information, look at:
quote.yahoo.com
(this link will only work until trading starts on Monday).
I also got several positions during trading on Friday and am holding tight and ready to ride this out. I am not worried at this point. I am going to trust my gut. IMHO.