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


To: Mark Woolfson who wrote (553)1/6/1999 9:08:00 PM
From: anyer  Respond to of 6531
 
Net is exploding; network and chip stocks. BRCM and RMBS next AMZN and EBAY moves. Short the internet? Like short the autos and long the buggywhip in 1910. GOOD LUCK!

Regards,

Anyer



To: Mark Woolfson who wrote (553)1/6/1999 9:10:00 PM
From: Patriarch  Read Replies (1) | Respond to of 6531
 
Seems like the buyer just lost $21,250 on paper today.

That's some day trade, huh?

IMO, I don't think holding a short position anywhere is a good idea right now. I'm not a TA guy, but we might just see Dow 10K by the end of the month. The techs are just running the show.

Regards,
Pat



To: Mark Woolfson who wrote (553)1/6/1999 9:27:00 PM
From: donss  Read Replies (2) | Respond to of 6531
 
<<Seems like the buyer just lost $21,250 on paper today>>

I think the trader shorted the Feb 90 puts for a $21,250 profit. It seems unlikely after today's activity that we will revisit $90 by Feb expiration. Or he could buy them back today for a quick $16,250 profit.

-Don