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Tuesday, September 4, 2007

And don't forget Broadcom (BRCM)

Posted by Mark at 10:38 AM TweetThis
Everything I just said for Sandisk (SNDK) in the previous post could also apply to Broadcom (BRCM), except for a different niche. Broadcom (BRCM) is making the chips that are feeding all these routers that the networkers are selling like bananas. So its an ancillary play on the networkers; and the chart looks like a carbon copy to Sandisk.

Did I mention that hot quarter by Ciena (CIEN) ? (bought more CIEN today in the fund) Reminds me of the McDermott (MDR) story - great quarter, stock falls immediately post earnings, everyone asks why - and a few weeks later MDR is off to the races.

Looks like tech is really becoming the safety zone. Ironic though for all you NASDAQ dot com survivors.

Long Sandisk, Broadcom, Ciena, Broadcom in fund; long Ciena in personal account

Posted by Mark at 10:38 AM

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