OK. Now I am probably done. I looked at the GRMN chart and saw the bounce yesterday at $55.00 and entered the pre-market to buy some stock at $56.65 (average). I look at this purchase as a core investment. The price of $55.00 may not be the bottom, but the stock has lost more than half its value since October.The potential loss of Gross Margin is now fully priced into the stock price and I think their is huge upside. Time to stop messing around with GRMN and make a stand here for the long haul.
No comments:
Post a Comment