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Broadcom Corporation Message Board

  • super_us_tech_guy super_us_tech_guy Jul 26, 2013 1:08 PM Flag

    Coming back down!


    The long march downhill is happening. Way too expensive a stock for a bad business. It is so ugly that even usually bullish analysts all had to abandon this big loser. Without pumping analysts there is no hope for this expensive stock to ever go back up again. Funds are left stunned with big losses. And yet they hesitated to get out all at once because of fear of crashing the stock further. The smart funds are the ones that got out as soon as they could when bad news hit because they understood it is better to get out of loser as soon as they can and go invest in other winners in the market. The slow and silly funds are still trying to stay on this sinking ship and watch the ship sinks further. They will soon find out that the longer they wait to get out, the lower it goes. Unfortunately technically there is no chart support point until $20 area. And fundamentally, there will not be any hope until BRCM can prove itself again in the next quarterly report 3 months later. And even that is not a sure thing. Bad business usually gets worse, not better.

    Sentiment: Strong Sell

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