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

To: joe smith who wrote (400)	9/30/1998 10:37:00 PM
From: put2rich	Respond to of 6531

joe, I agree with your assessment. BRCM might be a great company but buying stock at this level is kind of more risk than reward. Management is real good, release good preliminary earning then sell to the poor longs at the same time :>)

To: joe smith who wrote (400)	10/1/1998 12:04:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 6531

Not trying to promote gloom or doom, but - mid $60's are here; well before post lock up sales; a re-test of support at $48-$51 is looking imminent; unfortunately. I'll wait for low $50's to enter... just too much over reaction and emotionalism in the markets. The post IPO selling will be brutal - it can not be over estimated. People prepare for it accordingly; I'm not telling anyone to sell, but if you are a buy & hold investor; prepare for a ''ram'' ... good news is that this baby has been there & done that & rebounded before... hence; I can't argue with anyone wanting to hold confidently and patiently; but for new money - it's a different story. I think a 3 in 4 chance of seeing $48 tested again - I'm not happy here; but investing must be cold, unemotional and logical - I see no reason not to wait to see the $48-$51 re-test...comments ? As far as seeing $120 in 18 months... I merely think there is a tremendous growth story here in this stock; in the companies it supplies and there will be a huge watershed of cash flowing into the market; when we rebound and BRCM will get much more than its fair share. EPS will grow rapidly; not to technically support $120, but the irrational exuberance will return; people will have learned nothing - why deny reality; plan for it and profit by it - Internets as well...