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Broadcom Corp. Message Board

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  • laxrents laxrents Apr 22, 1999 5:30 PM Flag


    i was surprised by today's poor performance by
    brcm today. i know it was up 8 yesterday, but on a day
    like today with the nasdaq bursting at the seems to
    the upside and following a terrific earnings report,
    why is this stock down 3 bucks today? why so much
    trouble with the 75-76 area? if the markets had gone down
    sharply today, would brcm have given back its entire gain
    from yesterday and closed at 65?

    i know a lot
    about stocks but i've only followed this one for about
    2 months, so i haven't watched the tape on brcm
    right after a good earnings report before. i would
    appreciate some insite from anyone who follows this stock
    like a hawk. i bought a may 70 call on brcm about a
    month ago w/ the stock at 62 for 6. now the stock is at
    70 but with the loss of time premium the option is
    only worth about 6 1/2 at the close. not sure if i
    should dump this thing and avoid a loss or hold for a
    run to 85 or so over the next few weeks. i thought
    earnings would be awesome b/c brcm is perfectly positioned
    in a terrific industry. they were awesome, but this
    option purchase is on the verge of not working out. any
    informed replies would be appreciated.

51.20+0.19(+0.37%)Oct 2 4:00 PMEDT