Trade Alert – Garmin
I sold Garmin (GRMN) this morning at 95 before the conference call. This left me with a 40% gain on this stock. I am not entirely happy with the gain considering I sold it 15% short of the high a few weeks ago. However, I am happy about trading out before the stock turned negative. By nature, I am not a trader and am not very deft at timing my trades and I try to invest over longer periods for that reason. Back to Garmin now – the earnings and guidance were phenomenal. But considering this stock is up so much when the market has been in doldrums most of the year, the market expected nothing short of a miracle from Garmin. Having said that, I expect the stock to base in the 80’s touching as low as 80 and head back up in a few weeks. Keeping an eye on this is probably a good idea as the story is far from over.
One interesting thing to note here is that Garmin, recommended by Barron’s earlier this year, has been their most successful bullish call this year so far.
– Faisal Laljee
hey guys.
what you think of this..
this nasdaq looks to break
above 2,100 friday.
stick with Lifecell.
the sequentials of 19%
warrent $36 99% of
the time so i dont know
whats going on.
ISRG- iam stuck with it
down from $110-$120 cost
but if you dont have any
its now down where you wanted
it. the monopoly factor
is most relevant long term,
but short term valuation
is tricky.
BIDU- the shares came down
after earnings and
i assume 97 > 68
warrents big bounce.
BONUS. BONUS.
Chipoltes. star news of
the day… guess what????
i just discovered the
true earnings per share
power per 500 units
after tax is about $3.
that makes sbux-wfmi
look like garbage.
Knowing that Taco Hell
has 6,000 units if
Chipoltes ever best that
the eps will exceed $36.
Explain to me how it “looks” to break out above 2100? It didn’t so my question is what prompts you to say whether its going to overcome resistance or fall back?
too much focus leading
to too much stoxx spirit.
but on friday am we did
have nasdaq 2119, abliet
unproftitable for the longs.
but the way it seems,
the truth…
the friday morning action
was some type of index tip over.
I did a 18,000 sell program
of about 4 stocks including
cmg–erts-gme-idsy.
angeling to buy them back
for less in 1-2 days and
fixing my own dividend.
i dont know how much
of a multi day tip over
is in store for the indexs,
it will be but all of
late fridays strenght was
just left over firmness.
If you would like to act,
use the new double barreled
pro shares ETF to short.
i estimate that Tuesday
might be the day to do
a buy program. I feel
bad about the Lifecell
dumping on your 30.50
long but i assure you
that was solid. the sequentials
were 19%. but remember
i warned you about
that Nutrisystems crap.
and Gymbore being as common
as they come.
if you even want to hear it,
the Baidu selloff down
to $68 is 10x more likely
to have a rich bounce over
yahoo. for them its game over.
In Baiud’s favor, even if
longs mispriced $90 on
valuation, each additional
month of google service
outages adds about $10+ per
share to the valuation.
And believe me there is no
way a liberal Google
is going to be 400 million
Chinese Internet phones in
2008. Nobody in that govenment wants that. therefore
they are supporting a
healthy home grown alternative..
Baidu.
Baidu bounces as much as $14
68 > 82 before index
tip 8 trading days ago.