Broadcom (BRCM) is acquiring NetLogic (NETL) for approximately $3.7 billion. NetLogic share holders will receive $50 per share. Broadcom expects the acquisition to be accretive by approximately $1.10. Broadcom also reaffirmed its business outlook for Q3. Those holding NetLogic may consider continuing to hold it until the
We are taking partial profits on GLD right here $178.75 on a 5% tranche.
Added a 5% tranche to Deutsche Bank (DB) at $28.66. Deutsche Bank is perhaps the most hated bank in the world. From a sentiment point of view, when something is most hated, it is usually the time to buy. Based on our analysis, Deutsche Bank can easily
We are initiating a stop on the entire PowerShares QQQ (QQQ) postion at $53.17.
We are initiating a 5% tranche on Deutsche Bank (DB) at $31.39. This is a very lon- term position. Deutsche Bank is the largest German bank. Please see prior entry. German stocks are being slaughtered on a report that Germany is taking steps to protect its banks against a Greek
We are taking profits on the 5% tranche of GLD (GLD) from $185.05 right here at $179.73. We are still maintaining the rest of our GLD position. In this environment it is best to take profits often.