tag:blogger.com,1999:blog-2335748440449035592.post7963856629271567800..comments2007-10-30T20:37:18.765-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-21362334161064674062007-10-30T20:37:00.000-04:002007-10-30T20:37:00.000-04:00I think of them as a poor man's Intel - they are in a lot of nicely growing communication sectors and should growth with those markets but not a duopoly like Intel enjoys. If you are patient and get a $29 print on BRCM and have a longer timeline I think it will serve you well.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-64264582004396527782007-10-30T20:15:00.000-04:002007-10-30T20:15:00.000-04:00thankyou. i see it like this.. BRCM had a fairly good low point in June with the 29s. the bounce was $14 towards $43 and the retracement has been $11 towards $32 so far. i wonder if this is a technolgy growth franchise that justifies rapid dip buying or is it more generic technology company and should be ignored for now.lowly habitathttp://www.blogger.com/profile/12960484954321992693noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-59204275910691892312007-10-30T16:10:00.000-04:002007-10-30T16:10:00.000-04:00There is a lot of support down there in the 29-30 range from May - July. Wow, the stock really came a long way in a short time, reminds me of BRCM of late 90s. I'd look for downside to there and than it will probably be worth a go. Myself, I am a bit cautious in opening new long positions at this moment so I am going to give it some time and see how things play out. I do believe that the selloff reasons were a bit ridiculous, but you don't want to be standing in front of a tidal wave of institutional sellers. Volume was still quite heavy today on the downside. Until volume decreases, you can't say it is washed out yet.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-28832934567732024132007-10-30T15:00:00.000-04:002007-10-30T15:00:00.000-04:00curious if 5 days of heavy selling down to test $32, almost as low as late June low point of $30-, is worth some dip buying efforts. if in fact the company is on course but has a little bump in the road. possible bounce catalyst... in november 2007 the first quarterly royality payment is either audited or tendered from Verizon for Qualcomm phones.<BR/> A nice check might fund some of the R&D spending. is this too optomistic?lowly habitathttp://www.blogger.com/profile/12960484954321992693noreply@blogger.com