Do you base your investment decisions on vectorvest? If so you'd probably have a better chance asking the magic 8 ball.
No doubt techs got way ahead of themselves. At 80 BRCM would have a mc of 17B, bottom line it won't happen. BRCM is far to superior a company to trade at such a low valuation.
It's funny, when the markets are tanking all the gloom and doomers come out of the woodworks with the "I told you so" comments. When the negativity is at it's highest it's the right time to buy. Analyst's downgrade so they can buy, and upgrade so they can sell.
Underneath all the negativity today there was buying, the VIX actually went down. It wouldn't surprise me if we open down tomorrow, but I would expect a positive close, if not tomorrow than Monday. If you have a time horizon of more than 3 months, now is the time to buy.
BTW,,, Nice comment, down like that Russian Sub. Do you realize how many people died, and how many families were affected by that tragedy? |
