Wednesday, July 27, 2011

Goodbye Broadcom (almost)

I was online with my netbook in Tokyo Airport at 6:30am (Pacific Time) to dump my Broadcom employee stock options. Today was the first day of open period; even though I quit, I was still on the blackout list. I managed to exercise/sell all but 5,000 options. The stock went up a lot yesterday and I didn't want to risk the government screwing up the debt ceiling thing and tanking every stock market on August 2nd. The remaining 5,000 options are only a few dollars in the money so I'll risk them in case the stock goes up. I also have a lot of underwater options at ~$41 in case the stock really takes off in the next 45 days.

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