Higher than current price?
Over $40, something around $40.40.I wondering why BRCM does not load right now or does it?Institutions added more shares than sold in Q1 (62 M bought and 47 M sold) and of course they buy more in this quarter.http://www.nasdaq.com/asp/holdings.asp?symbol=BRCM&selected=BRCM&FormType=Institutional
BRCM is as stupid as LLTC. Both used margin in stock buyback.
why is it if all this buying is happening that the stock keeps dropping everyday, stock has dropped 15+% in a week and a half
"I wondering why BRCM does not load right now or does it?"BRCM used up all cash on hand plus borrowed money for stock buyback.LTCC did the same a few years ago. CEO unloaded all his shares at 40. It is 34 now.