Grmn

[brettdoyle]

It's still a good buying point I think....

 

[FAST.AM]

I think we are off to the races..
the market waited for the dust to settle...

This already got it hair cut for the quarter....

 

[brettdoyle]

So now I guess we just sit back and ride this thing up 20 points? haha

 

[FAST.AM]

Yeah if it were only that easy...

 

[brettdoyle]

I bought in at 100.60... and I'm up pretty big... the people that bought in at 96 are feeling good about now

 

[FAST.AM]

true to bad i didn't pull the trigger down at 95.50 i did have the order in... after RIMM earning stocks moving up big i picked some up on Wed night.

this is telling me high beta stocks are still in fashion.. the street is buying. grmn will benefit

 

[luckyluciano]

Quote from FAST.AM:

true to bad i didn't pull the trigger down at 95.50 i did have the order in... after RIMM earning stocks moving up big i picked some up on Wed night.

this is telling me high beta stocks are still in fashion.. the street is buying. grmn will benefit

Sorry for the stupid question...what is a "high beta stock" ? (maybe others have same Question)

 

[brettdoyle]

Beta is a statistical measure... it measures the correlation between two series of numbers. In this case it is the relationship between Garmin and the general Stock market.

A beta of 1.0 means that if the market goes up 10%, then the stock would move up 10%. A beta of 2.0 means that if the market goes down 10%, that a stock tends to go down 20%.

 

[pinabetal]

Careful with grmn it should head down lower monday 10/8/07. Why? Very little demand.

 

[brettdoyle]

Thanks for the demand forcast but it's up quite a bit