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

To: Gujju Bhai who wrote (203)	4/24/1998 12:05:00 AM
From: srvhap	Read Replies (1) \| Respond to of 6531

I am not sure I follow you. First you say on 4/18 that you make a mistake by buying with an open order at 67, then you say that your target is 48 - 50? Are you looking to average down? Or looking for a major tax loss? I am confused. <<To: +srvhap (134 ) From: +Gujju Bhai Saturday, Apr 18 1998 11:06AM ET Reply # of 204 Please learn from my mistake... I placed an order for BRCM at the market (did not put a limit order).... Guess what happened ?? Yes, I ended up buying at 67 .... wish I had read your comment 2 days ago... I am a beginner in this investing game... I would like to repeat your suggestion for others... PLEASE DO NOT PLACE AN ORDER AT THE MARKET PRICE.. WE DO NOT KNOW WHAT KIND OF GAMES MARKET MAKERS PLAY....I am going to have to wait some time now to recover my money.... >> <<Rod -- I totally agree on BRCM pull back... talked to a broker friend of mine at Merrill ... he is asking his clients to wait for a while.. expects a pull back.. thinks current valuation is inflated considering that initially they were considering the offering to be in the $10 - $12 range... My target price to get in is around $48 - $50 ...unless, one sunny day my risk taking attitude has gone up...>>

To: Gujju Bhai who wrote (203)	4/24/1998 1:02:00 AM
From: Bellvie	Read Replies (2) \| Respond to of 6531

The underlying strength of BRMC resembled quicksand today. We visited 52 7/8 just before the close! Gujju, your MLynch friend gave you some sound advice: <wait for a while.. expects a pull back..> When the up opening @ 57 1/4 lasted about 5 seconds I should of.... Instead, when the price kept dropping, I re-read the earnings report, thinking I got it wrong the first time! LOL Executing a stop loss or waiting a while is not so easy when you are totally convinced<g> the company is going to fly. Take away the mania would any of us would be looking for a 60 - 70 trading range -next week!!? A 30-40 level looks much more realistic than it did this morning. Consider their stiff competition -Philips, Rockwell, LSI and even the big LU, to name a few. Also their small customer base - General Instrument accounts for about 30%. I not sure about the others... Cisco, Bay, Motorola are the only ones I remember. A point of concern? Two lost accounts, not replaced, could be 50%...poof! <~~wondering how many of the 500K Cisco is still holding~~> It sure is nice to read some optimistic posts after a day like today! For some of you today's slide must seem like a burp compared to last week. ...and so it goes with IPO's -Bell