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

To: MileHigh who wrote (745)	1/30/1999 11:15:00 PM
From: jim cannon	Read Replies (3) \| Respond to of 6531

BRCM was sitting at 129.5 at the close of Jan 26,99. Just before earnings came out. About the same place it was at on Dec. 26,98 Earnings came out that were very good, way beyond expectation. Shot up to 154, closed at 145. Dropped 4 on Jan 28, dropped 8 pts on Jan 29 and is at 133.25, only four points above earnings. Am thinking of buying covered call Monday. Feb 140, plus 10 points. This gives me $1,000, in my account on Tuesday and if it is called away past the 140 strike price I get another $700.00 after the 3rd Friday of Feb. $1,700 on a $13,300 investment for 3 weeks. If it stays below 140, I keep the stock. Or maybe I will just buy and hold for the next run up. Any way this stock is a winner and in my opinion a value. I think it is a hard stock for the layman like me to understand because it is so Technical. However, it doesn't take a brain surgeon to know cable modems and set top boxes are on the way in.