Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
  • DAG1996
    BRCM - was gonna buy Monday but am concerned by Chief Tech Officer nearly selling out - thoughts? http://seekingalpha.com/a/6t9b
    1/7/12
    Reply (10)
    • Rubenov: "Broadcom CEO Scott McGregor stated that "Broadcom's Q4 is coming in stronger than expected driven by solid shipments...
      1/7/12
    • Rubenov: and tight operational management." The company also signaled that its cash on the balance sheet will grow by $900 million this quarter,
      1/7/12
    • Rubenov: to $5.1 billion, up from $4.2 billion." --- Me thinks Mr. Market is ignoring BRCM's strengths, and it's a relatively safe investment.
      1/7/12
    • DAG1996: Thank you very much! So why in the heck would a major tech company's CTO practically sell out with those clear prospects of uptrend!!??
      1/7/12
    • DAG1996: Seems to imply he knows something bad on the horizon
      1/7/12
    • Rubenov: Could be... or it could also be he just wanted some cash.
      1/7/12
    • Rubenov: If it was 3-4 insiders selling then I would worry.
      1/7/12
    • DAG1996: Good point. Maybe he's buying a house or a boat and I'm reading too much into it. Not just that he sold that bothers me - almost sold out
      1/8/12
    • jason2788: if you have that much riding on one company and this casino of a stock market, id consider it too.
      1/8/12
    • DAG1996: yeah i think i'll step in over a little time instead of buying a full position at once. plenty of other stuff i'm anxious to get into anyway
      1/8/12