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Broadcom Corporation Message Board

  • bhttsl bhttsl Apr 29, 2006 11:59 AM Flag

    Technical breakdown

    Hi Ya'll,

    I think this puppy is going down the toilet. Technicals look terribe--MACD, stochastics, OBV, Money Flow, yada, yada, yada. The institutions are dumping big time. Just look at the data.

    $41 is a good entry for a short, or if you're an "income investor" in BRCM, buy around here and write covered calls all the way down to $33.33. Great premiums and risk reward, IMHO. Cheers.

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    • Where did you get that number 33.33 from? The 200 DMA as of now is at 35.22 and rising. If this is destined to go down from here (which I think is highly unlikely), then it will have to first break some major supports before hitting the 200 DMA. If it does hit 200 DMA then look for a solid rebound.

      It's at the 100 DMA right now. Also, keep in mind that the Max pain for options is at 42.5 for May. I think it will trade 40-45 range until next ER.

    • Too soon to say that. Technicals have a slight improvement. The next few days will tell the story. Really need to pay attention to what sector the money is flowing into. The SOX still is holding on to an uptrend. The market will go to stocks where they think the interest rates will not affect earnings. Notice the attention to healthcare?

    • Us Longs welcome your money. It is great to see a fool show up at the door with a pocket full of money. Please Short this pig. We need the panic to cover to be over the top. You 10 shares will add to the effect greatly.

      BRCM blow out numbers, guidance upward with expanding markets for it's products. These are not comodity sockets they are all proprietary sockets. BRCM is the new Intel. Please bet against the long position. We will all have a good laugh as we spend you money.

54.670.00(0.00%)Jan 29 4:00 PMEST