By finance.yahoo.com
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Broadcom Inc. (NASDAQ:AVGO) is one of the stocks that Jim Cramer shared his take on. Cramer called the stock a “battleship” during the episode, as he said:
“Look, I believe in the growth of the data centre. I think we’ll look back on the stock of Broadcom, down over 11% today, and say, wow, I waited a couple days after its hideous decline, and I found out that insiders bought it and orders are flying in. I like to buy this kind of stock, not in free fall, which it is right now, but usually a couple days after the free fall, make sure that all the sellers are done. Here’s what I know, though: When we get days like today, wise guys will come up to me and say, thanks for nothing. Thanks for putting me in at the top at Broadcom. I don’t know… People do that. I didn’t say that. And second, my Charitable Trust has plenty of fail-safes, which include buying small, not large, because Broadcom’s now a battleship, not a swift boat, and it’s going to take time to…