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Sunday, September 21, 2008 12:11:17 AM
Look at this chart of BRCM and you see the retracement falls right at about $25 which is the magic level where most of the volume during the last year has been. So, you'll see that for sure I think before year end and with the $SOX chart and BRCM chart on a WEEKLY looking like near perfect reversals with both showing monster hammers, I think the odds are great for a nice run beginning now. I do expect a small pullback probably to $20 on BRCM being that it just ran from $18.50 to $22.50 in 2 days. But just look at the Jan 2010 $10 calls at about $13.40. That's a basis of $23.40! That means you get a stock that could very well run to $25 at least and most likely higher within the next 2 months for only $1340 controlling $2200 worth of stock. A $10k investment could turn into at least $12,600 I presume, or a 25+% profit in less than 2 months.
But what's really nice is this MONTHLY chart of the $SPX -- WOW! Look at that hammer on the MONTHLY! You rarely get that!
So, it all looks very good for a nice reversal overall right here. There is a 40 week cycle low coming on Oct 22nd. But cycles don't always come in on time and with the unique things that have happened I would assume that that cycle might have been shifted early. Sep 19th, yesterday, was a short term cycle low. To put it into perspective, March 23rd was the 20 week cycle low and look what happened that week.
So, BRCM is a $30 stock. Why? Because, well, look at this chart---
You see, the problem with MRVL is that they still are a one trick pony. Storage is their core biz. It's strong and now finally they are free cash flow positive. But it's like SIGM in that any large customer walks and it's toast for their profit. BRCM is the place to be because it's so diversified and not owned by one large holder like the Sutardja's and MRVL. That means the big money investors don't worry about it like they do with MRVL. The Sutardja's get a whim up their rear and they have the power to do major damage to large investor's investment if they make a big mistake. BRCM is a bigger company that's run like a normal public company, not to mention they are going to probably do over a $1 bill in free cash flow next year putting the stock price today at $21.50 only 20X free cash flow which is unheard of for a 40% growth stock with nearly $2b in cash and no debt.
Recent MRVL News
- U.S. Stocks Fluctuate Before Closing Sharply Higher • IH Market News • 08/30/2024 08:44:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/30/2024 08:03:14 PM
- Dell Stock Rises 6% Premarket on Strong Revenue Beat, Elastic Shares Plunge 27% After Lowering Revenue Forecasts • IH Market News • 08/30/2024 10:00:15 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/29/2024 08:06:26 PM
- Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2025 Financial Results • PR Newswire (US) • 08/29/2024 08:05:00 PM
- U.S. Futures Rise; Oil Prices Dip Amid Libyan Supply Concerns and Inventory Drop • IH Market News • 08/29/2024 10:11:58 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 07:51:00 PM
- Marvell to Showcase Latest Cloud Storage and CXL Memory Technologies at FMS 2024 • PR Newswire (US) • 08/07/2024 01:00:00 PM
- Microsoft Integrates Marvell NIST FIPS 140-3 Level-3 Compliant LiquidSecurity HSMs into Azure Key Vault and Managed HSM Services • PR Newswire (US) • 08/06/2024 01:00:00 PM
- Marvell Technology, Inc. Announces Conference Call to Review Second Quarter of Fiscal Year 2025 Financial Results • PR Newswire (US) • 08/05/2024 08:05:00 PM
- Marvell Introduces Breakthrough Structera CXL Product Line to Address Server Memory Bandwidth and Capacity Challenges in Cloud Data Centers • PR Newswire (US) • 07/30/2024 01:00:00 PM
- Marvell Announces Immediate Availability of Open Ecosystem Software for Teralynx 10 51.2T Switch • PR Newswire (US) • 07/25/2024 01:05:00 PM
- Marvell Teralynx 10 51.2T Ethernet Switch Enters Volume Production for Global AI Cloud Deployments • PR Newswire (US) • 07/25/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 10:30:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 09:45:40 PM
- Marvell Extends Connectivity Leadership With Industry's First 1.6T PAM4 DSP for Active Electrical Cables • PR Newswire (US) • 06/27/2024 01:00:00 PM
- Marvell Technology, Inc. Declares Quarterly Dividend Payment • PR Newswire (US) • 06/21/2024 08:05:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:06:26 PM
- Dell Shares Drop 15% in Pre-Market; Gap Soars 24% on Surprising Quarterly Profits, and More in Earnings • IH Market News • 05/31/2024 11:50:33 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:06:48 PM
- Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2025 Financial Results • PR Newswire (US) • 05/30/2024 08:05:00 PM
- Marvell Expands Connectivity Portfolio With New PCIe Retimer Product Line to Scale Compute Fabrics of Accelerated Infrastructure • PR Newswire (US) • 05/30/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 10:14:13 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 05/08/2024 08:10:11 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/08/2024 08:07:41 PM
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