those guys that say 'trade what you see' should buy buying more puts today. we'll see if they are right -- trade what you see, or take a position.
I can say there was a lot of volume selling into yesterdays lows.. Massive profit taking - and panic. I understand they have a very high Beta but they own better than 50 percent of the GPS market. The high end market were it counts planes - cars-boats - military etc. This stock will hit new highs before the holidays. The only kicker......... As for now the Dow at the lofty levels leaves me wondering..........
I think people will be willing to pay a premium for Garmin's double digit growth even if the dow decides to get tipsy...
The market dont seem to mind others like RIMM - APPLE - BIDU.. If there continue to be popular with the market so will GRMN. But as we all know all of these are subject to hair cuts, nice hair cuts. until I see the company having an issue meeting numbers etc. This rumor nonsense..