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Wayne.B

Wayne.B is offline

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What do we do about Garmin.....

On Thu, 06 Sep 2007 12:42:46 -0500, lid wrote:

Back in late '00 and early '01, there was some discussion here about
Garmin (as an investment) and IIRC, I wasn't the only one loading up
on the stuff at around $10 (cost adjusted basis). So it bumbled along
with a respectable increase for the next few years to around $50ish
early this year, then in March it took off like a rocket. It's about
$107 now.
Generally, when they spurt like that, I'll dump 'em cuz they often
times tend to drop just as fast. But I'm not so sure about Garmin.
Anybody still here that remembers that early '01 discussion and bought
in about that time? Whutcha gonna do now? Buy? Sell? Hold?

=================

After a big run up like that it makes sense to take some money off the
table. If it was me I'd sell enough to capture all of the original
investment plus a bit more. That way you've locked in some profit no
matter what happens to the stock or the market. It also gives you an
opportunity to diversify your portfolio, and gives you a free ride
with your remaining Garmin stock.

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