A lot of good news is coiled up in the stock now and if we get a relief rally going into options expiration and beyond that carries us up to the 3,800-4,100 level on the NAZ then BRCM could crack $200 this go round. However, I continue to protect, there is still no guarantee that NAZ may not go to 3,200 then 2,700-2,900 become distinct possibilities.
Plan for the best, be prepared for the worse.
Hopefully, I have done just that. I bought shares of Broadcom in November of 1998 hoping that it would be a solid 6 - 7 year investment, if not more. Best case scenario for such a time frame - the investment provides a handsome return. On the other side, I guess I could say I'm prepared that the return will be less than handsome. It would have been neglect on my part as an investor to think that interest rates would not change within the time frame of any of my investments - including Broadcom.
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