These guys have entered a multi-billion dollar bidding war for a mapping company. They are totally screwed.
It may dip a few more points while they finish this little bidding war. I'm going to be holding on to this for at least until December.
I bought in for another 200 shares... I'm calling this a silly panic. Q3 is historically the worst for Garmin... they still beat estimates. I think people are going to buy lots of GPS toys this year... I know I'm tempted to buy one.
not hard to tell that their business will be slowing. shouldn't have been a surprise even before nokia dropped the bomb on this stock.
could be that people are thinking they paid too much? i haven't looked at the deal in detail yet, but thats what i would be assuming. everything else is up and garmin just got flushed down the hole.