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| Research, Select, & Monitor |
Thursday, May 23, 2013 7:11:35 PM ET |
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| BRCM: TODAY'S SELLOFF NOT A SURPRISE |
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It is hardly a surprise to see broadcom selling off today. Don't panic yet...markets hardly go straight up or down. There could be more of a selloff tomorrow, maybe not. The dow and s&p have been down for the last couple weeks, and a bounce is likely. If you are able to do so, buy some puts (leaps) for the long term and then see what each new day brings. Move out of BRCM in increments...hoping for the "bounce" in the markets. If it continues to drop, get out. Will get back to you soon!
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