CIBC put out a report that dampens some of the good news that is expected about Christmas sales for the company this morning causing the stock to sell off on the news. They lowered their 2008 revenue and earnings projections for GRMN and I expect a couple of days of selling.This may be considered, by some, as a deceleration of earnings growth and the stock may be under pressure for a while. This is why GRMN is a hold for me, but it will become compelling for me at their 200-ma ($85.00) and I may have to pick some up before I planned.
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