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Broadcom Corp. Message Board

  • ttmstock ttmstock Nov 27, 2000 1:40 PM Flag

    SSB made it a $200 12 month target.

    If that is the case, why would an institution
    sell the stock at $100? Has to be one of two

    1.) They think it will not reach the $200 target in
    the next twelve months, therefore, they want to get
    rid of it so they can get that sure double in twelve
    months elsewhere.
    2.) They drive the price down as
    far as possible while buying more of the stock so
    that the $200 double will equal the $300 they were

    Which is it? Funny though how SSB covered
    themselves by saying that any concern was short term and
    already priced into the stock. Does that mean in 2-3
    weeks if others start announcing the inventory issue is
    now taken over and they are upgrading the stock, that
    SSB can say, "well, we said it was short term only?"

    Think about it.

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