Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Near-term Cautious On Broadcom

|Includes:Broadcom Limited (AVGO), QCOM

While I'm bullish on Broadcom medium term (seekingalpha.com/article/369131-put-your...), $40 is a multi-year resistance point. That along with the 'perceived' competition from Qualcomm on mobile chips (I think the actual effect on Broadcom much less than the trade rags suggest) will keep a lid on BRCM.

Disclosure: I am long BRCM.

Stocks: AVGO, QCOM