GRMN-why is she down & not up today?

[HedgefundTrader2]

Quote from luckyluciano:

Record 3rd quarter announcement! I don't get it?

Shorts. Those bears got hold of goldilocks. Don't buy, don't buy..

 

[Chartiste]

These guys have entered a multi-billion dollar bidding war for a mapping company. They are totally screwed.

 

[honghong]

It may dip a few more points while they finish this little bidding war. I'm going to be holding on to this for at least until December.

 

[brettdoyle]

I bought in for another 200 shares... I'm calling this a silly panic. Q3 is historically the worst for Garmin... they still beat estimates. I think people are going to buy lots of GPS toys this year... I know I'm tempted to buy one.

 

[honghong]

heck i have TWO garmin gps. I think people are just a little bit worried, that's all.

 

[flyingiguana]

Quote from gobar:

they are bidding for tele atlas.. thats y its down...rumors that their core business might be slowing...

not hard to tell that their business will be slowing. shouldn't have been a surprise even before nokia dropped the bomb on this stock.

 

[flyingiguana]

Quote from brettdoyle:

I like how Garmin dropped 20% because tomtom won the bid for teleatlas at the begining of the month... and then garmin comes back and outbids them and it drops 15%... that makes a lot of sense!

could be that people are thinking they paid too much? i haven't looked at the deal in detail yet, but thats what i would be assuming. everything else is up and garmin just got flushed down the hole.

 

[luckyluciano]

the Bears are having a FEAST!!!