GRMN's stock price held up pretty well today until news was released by an analyst from American Technology Research this afternoon that the company will up its bid to as high as $60 per share for Tele Atlas and try to wrestle the company away from Tom Tom. There are not complete details yet on this, but here is the link:
http://biz.yahoo.com/ap/071112/movers_roundup_goldman_sachs.html?.v=1
Not sure how this guy knows this and the public doesn't, but he has a following. This is the same guy that downgraded the stock about a month ago.
One trader's view on the stocks he follows and his economic perspective
About Me
- sneakdoggiedog
- I am an amateur investor that has been actively investing and trading in equities since 1994, trying to hold my own against my dad and some extended family members that are in the brokerage business. I am an engineer by training but have a passion for economics and history. I want to thank my lovely wife and two boys for allowing me the time for my "hobby".
Stocks I Own
- AAPL
- ANSS
- APPY
- ATI
- BOLT
- EGY
- GRMN
- ROCM
Options I Own
- APV FO
- ATI JM
- GQR JG
My Philosophy toward Owning Equities
I spend a lot of time researching a stock that I can easily understand. I am an engineer and have a fair amount of understanding of the technology, aerospace, materials, metals, and consumer and retail sectors.
I also attempt to use Technical Analysis to look for good entry and exit points for the stocks I follow. I would rather trade a stock where I understand the price action than take a tip on a momentum stock from someone who doesn't do the necessary research. That is my story and I am sticking with it.
I welcome your comments and hope you enjoy!
I also attempt to use Technical Analysis to look for good entry and exit points for the stocks I follow. I would rather trade a stock where I understand the price action than take a tip on a momentum stock from someone who doesn't do the necessary research. That is my story and I am sticking with it.
I welcome your comments and hope you enjoy!
Market Sentiment
Market in Confirmed Rally
Sentiment Detail
4/20/08 (revised once a week)
The market (DJI) broke out of it's three month trading range to the upside on Friday. The Industrials have not closed higher since February 1st and the Transports have broken above all-time highs. This is something you like to see as indicators for a market going much higher. I expect the S&P and the COMPQ to also break above their ranges in the short term as well.
The market is not yet overbought, but a few days of backing and filling is warranted at this point. I intend to buy the dips and sell some into strength this week
The market (DJI) broke out of it's three month trading range to the upside on Friday. The Industrials have not closed higher since February 1st and the Transports have broken above all-time highs. This is something you like to see as indicators for a market going much higher. I expect the S&P and the COMPQ to also break above their ranges in the short term as well.
The market is not yet overbought, but a few days of backing and filling is warranted at this point. I intend to buy the dips and sell some into strength this week
Blog Archive
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2007
(149)
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November
(42)
- Too Far, Too Fast?
- Like a Moth to Light
- Trick or Treat?
- Protecting the Portfolio
- Adding ZOLT Puts
- Making some Changes
- AAPL's Technicals Worth Watching
- Wall Street Realized That Christmas is Coming
- Greed, for Lack of a Better Word, is Good!
- Random Thoughts on AAPL
- ETF's Gone Wild
- Weekly Recap
- In Need of a Root Canal
- A Very Speculative Purchase
- ROCM's Future Earnings
- The Silent Scream
- Weekly Recap
- Let the Good Times Roll!
- 1492
- Putting a Collar on GRMN
- Coming up on Resistance
- Will this Dead Cat More Than Bounce?
- GRMN Update
- Slaughtered!
- Weekly ReCap
- The Crisis
- iPhone Launch in UK is a Mob Scene
- Why I Think the Market will Bounce Now
- Doubling Down
- Hey Buddy, Can you Spare a Dime?
- On the Roller Coaster
- Whiplash
- Eating Crow with UA
- Almost Peeing my Pants
- What to do with Apple?
- Walking the Wall of Worry
- It Just Might Save Your Life
- Sailing will Never be the Same
- Which Dog will get the Chew Toy?
- Weekly Recap
- Ahhhhhhhhhhhhh!
- No Panic Here
-
▼
November
(42)
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Disclaimer
This diary is a collection of my personal market analysis and commentary of economic affairs. No recommendations to buy or sell any securities are implied, and readers are admonished to do their own homework. I am an amateur investor and, if you are unsure about investing, I suggest that you seek professional financial advice.
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