Another ugly day for the good guys. The stock is in free fall with two distribution days in a row and the chart deteriorating as we speak. I am still buying, but spacing out my purchases. I bought another load of stock and calls at around $99.00. It will turn soon. The cost to buy Navteq is now priced into the stock. In other words, if Garmin bought Navteq with its own stock, we would be sitting at $105 (from the high two days ago). Obviously, panic has set in and the stock is oversold. Technically, however, there is a lot of air in the free fall. Cautious investors may want to wait for a bottom confirmation. Otherwise, spread out your purchases and be patient.
2 comments:
Howdy Dawg!
D*mn!
This is a pretty cool begining to your fledgeling entry into the blogosphere.
Maybe someday when (if) I grow up I'll give one of these a whirl.
BOL, and I'll see you back at the fort.
Fuzz
Howdy Sneak!
I'm sorry!
I'm sorry!
I'm sorry!
Sneak Doggie Dog
Dragon Dawg
I rarely blow this one, and here I do it oh so public.
I appologize.
That said,
Golly!
(I probably need to quit swearing since your kids might be reading this. Sorry Sneak pups! Fuzzy has only one vice and bad language is it.)
This is still a rockin' good idea.
I can't wait to see how it goes.
Fuzz (the too sleepy to post moron!)
=:-O
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