Monday, October 15, 2007

Garmin worth waiting for

Nice recovery for Garmin since the Nokia-Navteq announcement. As expected, not a single word from Garmin, and there probably won't be one until earnings on Oct. 31. That would be Halloween. But don't be scared. Garmin has it allllllll under control.

The stock closed at 112.44 today, well above its 10-day SMA (106.85) and 50-day SMA (104.69).

Pupule says: Wait. If you think another market pullback is coming in the next two weeks, better to keep your powder dry.

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