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Broadcom Corp (BRCM): Possible Sale And A Nice +20% Profit For Us

|Includes: Broadcom Limited (AVGO)

The shares surged today after the company announced that it had hired J.P. Morgan to 'explore options for its cellular base-band network', which no doubt includes the possible sale or wind-down of the business.

We're not complaining, though, as the surge in price has pushed our profit since BRCM made the Active Team to over 20%. It'll be interesting to now see if the stock can sustain these higher prices or drift back to previous levels. Either way we won't be selling until we get a Sell alert come up on the Buys and Sells page.