Jim Cramer Helps Broadcom

Broadcom has been going down lately. Lots of lawsuits against them for patent-infringement against Qualcomm. Stock went down to as low as $40.83, but later during a Mad Money Lightening round, a person asked about Broadcom Stock.

Jim said the stocks done going down, and bets it will see $50 and PLUSS.

"I'LL BET YOU RIGHT NOW THAT BRCM SEES $50 AND IT GOES HIGHER AND, DON'T FORGET, THAT I THINK THAT Marvell Tech Group (MRVL) GOES HIGHER AND Apple Computer (AAPL) BE DONE GOING DOWN. STICK WITH ALL THREE!" is what he had to say.

Stock jumped up to a finish $43.96 after hours. Thanks again Jim ;-)

Google Finance

I recently came across Google Finance. (http://finance.google.com/finance)

- The quotes are real time in some cases, or with almost no delay.
- The intra-day charts are easy to use, and are pretty neat.
- You can start discussions about a stock on the site.

Most of the things you'd want to know about a stock for research are there including up to the minute news on the stock. At the bottom of the quotes, it shows even more resources so you can dig deep into the stock.

Another great feature with Google Finance is typing in the industry your interested in (cars, paper, semi-conductors) and it will show companies in that sector with quotes to see how well its performing.

Google has done it again, with simplicity. Nothings to cluttered, no ads (well for now anyways), and a joy to use.

Expect to see all my links to company quotes with Google!

Please post your comments on your opinion of Google Finance.

Broadcom is my latest Acquisition

Finally had the limit order go through. When doing it, I had to monitor the stock and look for the lowest price I could. I acquired 75 shares for $45.40.

When reading about channel trading, I think its the easiest way to make money. Buy low and sell high. And do this again and again for a stock. Monitor it, and find out its channel of trading with highs and lows. Stocks have a trend they follow (not all the time), and you can see these trends within a channel.



In this case I've drawn some lines to give me an approximation what it's channel is like and gives me price point to look to sell at.

Broadcom looks like a great strengthening stock over the year. Don't buy stocks while their weakening. In my case I wanted to buy it right after it had some light on it and started rising (but as my recent blog post, the limit order didn't go through). The stock went down a little the next day and it was time to do some buying. The stock is hopefully going to rally, and volume will increase.

I also put a limit sell order on this stock once it hits my price target of $48.90, so I make a nice profit and aren't too greedy.

I'm done with limit orders.

Jim Cramer and others tell you to use limit orders to save you money, it has only lost me money.

Yesterday night I researched some stocks, and I wanted a semi-conductor or telecommunication play. I came across Broadcom (BRCM). Broadcom manufactures semi-conductors, for wired and wireless communications. Broadcom offers solutions for digital cable, IP set top boxes for your t.v., media servers, high definition receivers, high definition recorders and personal video recorders (PVR), storage networking, cell phone communications, VoIP, DSL internet and more. Broadcom does it all, and I wanted to purchase some.

Look at this chart, this was taken a little bit after I wanted to buy it, price was at the 3/14/2006.

Looks like it will raise right back up to $49 and cash in for a nice profit.

Well anyways I put in a limit order at $45.20 for 75 shares, which was 2 cents below the asking price. I wake up this morning, and see my order isn't filled and the stocks risen over 80 cents.

Lesson here is never do any more limit orders, as usually they'll only go through if the stocks falling that day. Oh and also, Broadcoms a good place to put your money! I'm going to wait a little until it falls so I can buy some more.

Thanks for reading!

Recap on my Stock Picks from Feb 1st

Price from Febuary 1st to today, a one months change.

Connectics Corporation (CNCT) - went from $15.10 to $16.75 (+10.9%)

AngioTech Pharmaceuticals INC (ANPI) - went from $14.00 to $15.53 (+10.9%)
I still believe this company has a lot more potential.
Freaky how the percentage change is exactly the same as previous!

King Pharmaceuticals (KG) - went from $18.55 to $17.21 (-7.3%)
(stock did move up during month, but was time to sell during end of the month)

Endo pharmaceuticals (ENDP) - went from $26.72 to $32.00 (+19.7%)

Overall, my stock picks came out on top. My method of screening and picking stocks proved itself worthy, and I will have stock picks of a millenium up within a week or two.