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PPR - AVGO 11/19/14

Semiconductor AVGO had a pocket pivot breakout. It gapped lower after INTC came out with a weak earnings report, sending the whole semiconductor sector lower in a hurry. But the INTC news weighed the semis down only a short while as shown by the semiconductor ETF SMH which was quick to bounce straight back to new highs, mirroring the major indices. Market context is ever important so despite the V shape of AVGO, its fundamentals remain strong: earnings and sales are strongly accelerating, pretax margin 30%, ROE 27.6%, group rank 28. Nevertheless, this remains a tricky buy since the general market has gone straight up from lows but today finally broke above its sideways price action. But volume remains light, so if one decides to buy at this juncture, conservative investors may want to keep their position size on the lighter side. 

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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