Like I said, A LOT of funds still need to get out of this big loser. Institution traders do not like to show that they were dumb to own a big loser on their books. This selling process will take many weeks to play out until this loser company can prove itself again in a good quarter report. That is 3 months away or longer. Before that, it is simply dead. You would be better off investing in thousands of other companies that had good reports. It is silly to keep a loser.
well I agree with funds selling and all because only that could justify that much volume spike. However, given the last two days it did not tank after all that heavy selling. It is more or less consolidating and could see the light of $28s sometime this week.
but then I also agree that to see a major move up, we will have to wait and see their Q3 report in 3 months or some major annoucement from a stupid board who seems to be sleeping..
You are the loser. You're trying to get longs to panic because you lost on a bad bet. You've been commenting the same "Strong Sell" argument for a week, but no one will listen to a loser. You're not trying to help anyone but yourself.
This stock is cheap now. If it was still $33, then it'd be a sell. But it's not. It's $27.41. And it's a good company. Even if it was $29, it'd be cheap. It'll take a few days for much of the fear to subside, and then BRCM will be around $28 - probably by the end of this week.