Thursday, January 29, 2009

Broadcom and Urban Outfitters

Markets are acting poorly and the new "stimulus" package is drawing much deserved criticism.
Out of BRCM today following a series of lower highs.  Long term I expect greater things from Broadcom but considering the current state of uncertainty I will error on the side of caution and book 11%.  And now I see that it's down about $0.83 in the after hours trade.
URBN will be gone too if it breaks below $14.93.

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