A company's stock price has less to with cash in the bank and debt on its blanace sheet than is does earnings and the growth rate of those earnings. In Broadcom's case, its earnings and earnings growth rate cannot support its absurdly high stock price and its current P/E ratio of over 80. Copnsequently, this pig is headed south.
You are a fool,I have had this stock since 1999 and sold it last week for a $5,000 loss,I am gong to tell you to cut your losses as you will never make a dime at this price,this stock will see 15 before it ever sees 37 again, move on this will cost you dearly
I just bought BRCM for the first time at 32+. It may go up or down from here. I bought a small, starter position in this name. If it goes down by more than a little, I'm out. If I'd owned the stock during it's major rally over 40 and I'd been in the stock waiting for it to rebound (I wouldn't hold a loser that long, though), I would have grabbed profits or lack of loss before earnings, anytime the stock was over 40.