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To: Robert O who wrote (2753)10/24/2013 10:56:19 AM
From: The Ox  Read Replies (1) | Respond to of 8253
 
I think you're wise to be patient. At the same time (IMO), the haircut is more severe than would be accountable by the numbers because of the CFO leaving. This is exactly the type of cloud that allows for these wild swings.

Seems to me there's value here but letting the dust settle is certainly the more prudent approach. If you are able to watch and if it starts to make a move up like BRCM did yesterday, then it might be worth playing a day or swing trade on the long side.

So far, it's shown nothing to offer except the 15 to 40 cent bounces which most people won't play (for good reasons).