$Broadcom (AVGO.US)$ Lots of FOMO bagholders who got in at 1...
$Broadcom (AVGO.US)$ Lots of FOMO bagholders who got in at 1700+ hoping for quick profits similar to NVDA based on stock split news. Now that NVDA is starting to pullback, its not what they expected. Even if price makes a technical retracement back to 1700s theyll be quick to exit positions / reduce loss as much as possible, leading to further drop after. Remember the gap up was around 1500
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R30R : I would respectfully disagree. Many bought in not for the quick profit. They jumped in for the split. The fundamentals are good with AVGO. The split will make the stock more liquid, allowing for more retail volume and as a result (along with progressively good ER) make this a great growth stock to buy and hold.
If this hits 1700 not many going to sell.
Kyrios : I aiming 2000+ after split.