What do we do about Garmin.....
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? Rick |
What do we do about Garmin.....
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What do we do about Garmin.....
PhantMan wrote:
Anybody still here that remembers that early '01 discussion and bought in about that time? Whutcha gonna do now? Buy? Sell? Hold? HK wrote: :} Pardon my smile. Consider yourself pardoned. Actually, when you started posting pics of a new boat a month or so ago, I figured at that point you must have started cashing in LoL! Anyhow, all their numbers still look good and getting better all the time. So I would expect a steady increase in price. It's the spike in their price that caught my attention. Not sure what to make of that. So for now, I plan to keep holding. But that leaves two chances out of three I'll be wrong. Rick |
What do we do about Garmin.....
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What do we do about Garmin.....
HK wrote:
I bought in at $11 and some of the "boys" here gave me **** for it. But I knew those Rockhurst Jebbies would come through in the long run. I started buying not long after they went public and on through the year of '01, which is why I was interested in the discussion here back then. I don't remember many bears on the stock but I do remember some praise for the products. And I was under the impression that you and I weren't the only ones here buying stock. I don't remember names though and I can't even find the thread(s) in my archives or Googles'. So with the recent run up, I thought I'd just post to see who's planning to do what. Just curious. And btw, I'm smilin' too at this point :-) I hope we can keep it that way :-) Rick |
What do we do about Garmin.....
wrote in message ... 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? Rick A wise old investor once said, "bears and bulls make money, pigs eat peanuts". |
What do we do about Garmin.....
D.Duck wrote:
wrote in message ... 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? Rick A wise old investor once said, "bears and bulls make money, pigs eat peanuts". Garmin happens to be the *only* stock I own these days. We got out of the stock market to concentrate on less passive investing where we would have some impact on what happened. |
What do we do about Garmin.....
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What do we do about Garmin.....
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What do we do about Garmin.....
"D.Duck" wrote:
A wise old investor once said, "bears and bulls make money, pigs eat peanuts". LoL! Actually, he said it more than once and was almost always right ;-) ... btw, I'm making a note: "Today I was reminded of some good investment advice about bears, bulls, and pigs.... by a duck". ;-) Rick |
What do we do about Garmin.....
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What do we do about Garmin.....
HK wrote:
Vic Smith wrote: On Thu, 06 Sep 2007 15:00:35 -0500, lid wrote: HK wrote: I bought in at $11 and some of the "boys" here gave me **** for it. But I knew those Rockhurst Jebbies would come through in the long run. I started buying not long after they went public and on through the year of '01, which is why I was interested in the discussion here back then. I don't remember many bears on the stock but I do remember some praise for the products. And I was under the impression that you and I weren't the only ones here buying stock. I don't remember names though and I can't even find the thread(s) in my archives or Googles'. So with the recent run up, I thought I'd just post to see who's planning to do what. Just curious. And btw, I'm smilin' too at this point :-) I hope we can keep it that way :-) Oddly enough, somebody is complaining about Garmin in rec.boats.cruising. Check it out and factor it into the fundamentals. --Vic Someone always is complaining about something. As I mentioned, I have a minor problem with a bit of Garmin software. It seems to be a VISTA problem. I talked to a Garmin tech in Kansas yesterday for about an hour as we tried to work through it. He was very knowledgeable and of course spoke ENGLISH. We found a workaround and he escalated the problem. I got an email today that I will be getting a call about the problem. That seems a reasonable approach. Meanwhile, I found a couple of my old XLS files with fishing waypoints on them, so I haven't lost all 300 or whatever of them. Harry, With 300 waypoints, that would mean you were entering 2.6 waypoints for every hour you used the boat. I am impressed. |
What do we do about Garmin.....
Vic Smith wrote:
On Thu, 06 Sep 2007 15:36:16 -0500, lid wrote: "D.Duck" wrote: A wise old investor once said, "bears and bulls make money, pigs eat peanuts". LoL! Actually, he said it more than once and was almost always right ;-) .. btw, I'm making a note: "Today I was reminded of some good investment advice about bears, bulls, and pigs.... by a duck". ;-) Take some profits. Buy a new boat (-: And what I've always heard from Chicago futures traders is, "Pigs get fat, hogs get slaughtered." --Vic Is a stock split in the air? |
What do we do about Garmin.....
HK wrote:
Is a stock split in the air? Not that I'm aware. But the last one (2 for 1) was a year ago at less than half this level so it's not beyond the realm of possibility. |
What do we do about Garmin.....
On Thu, 06 Sep 2007 17:03:07 -0400, HK wrote:
Vic Smith wrote: On Thu, 06 Sep 2007 15:36:16 -0500, lid wrote: "D.Duck" wrote: A wise old investor once said, "bears and bulls make money, pigs eat peanuts". LoL! Actually, he said it more than once and was almost always right ;-) .. btw, I'm making a note: "Today I was reminded of some good investment advice about bears, bulls, and pigs.... by a duck". ;-) Take some profits. Buy a new boat (-: And what I've always heard from Chicago futures traders is, "Pigs get fat, hogs get slaughtered." Is a stock split in the air? Don't know anything about stocks. In '84 I went to a dermatologist in Chicago to get a cyst cut out of my face. She cut it out and gave me some exotic infection whiles she was at it. About 5 bucks a pill for the antibiotic. Anyway, since it was acne related she prescribed an ointment called Retin-A, which Johnson & Johnson had developed for that purpose. It basically slowly peeled your skin off. Painful for some people, but I could wash my face with Lava with just a little irritation. After about a month of using this Retin-A, my wife says. "Your wrinkles are disappearing." Didn't think much of it, and about a year later I read a small article in the science section Tribune to the effect that an acne medication might prove to be a wrinkle remover. Well sure, I thought. That's no surprise. Then maybe a couple months later it's big news and everybody with Johnson stock is making a killing. Of course it never entered my mind to buy that stock. So I got my face burned and my ass bit and never knew it. --Vic |
What do we do about Garmin.....
HK wrote:
Vic Smith wrote: On Thu, 06 Sep 2007 15:36:16 -0500, lid wrote: "D.Duck" wrote: A wise old investor once said, "bears and bulls make money, pigs eat peanuts". LoL! Actually, he said it more than once and was almost always right ;-) .. btw, I'm making a note: "Today I was reminded of some good investment advice about bears, bulls, and pigs.... by a duck". ;-) Take some profits. Buy a new boat (-: And what I've always heard from Chicago futures traders is, "Pigs get fat, hogs get slaughtered." --Vic Is a stock split in the air? Wow. You get two shares at half the price. What a bargain! |
What do we do about Garmin.....
On Thu, 06 Sep 2007 20:14:53 -0400, Dan intrceptor@gmaildotcom
wrote: Wow. You get two shares at half the price. What a bargain! You're right about the math not adding up but historically a split is usually good for a short term hop in the price. Its all in the psychology and perception. |
What do we do about Garmin.....
On Thu, 06 Sep 2007 16:31:15 -0400, HK wrote:
Vic Smith wrote: Oddly enough, somebody is complaining about Garmin in rec.boats.cruising. Check it out and factor it into the fundamentals. --Vic Someone always is complaining about something. As I mentioned, I have a minor problem with a bit of Garmin software. It seems to be a VISTA problem. I talked to a Garmin tech in Kansas yesterday for about an hour as we tried to work through it. He was very knowledgeable and of course spoke ENGLISH. We found a workaround and he escalated the problem. I got an email today that I will be getting a call about the problem. That seems a reasonable approach. Now I see Tom bought a non-Garmin GPS. What I was suggesting in reading that complaint is that one might recognize that Garmin went big into auto GPS's, perhaps neglecting their marine arm. Now other mfg's might be making inroads in the auto-side GPS market. I described what I know about the stock market when I mentioned the Retin-A and Johnson and Johnson, which is nothing, and wouldn't think to give advice on stocks. It's not rocket science though to suggest taking some profits in any market. I do trade commodity futures, and have seen how market fundamentals aren't always readily recognized. --Vic |
What do we do about Garmin.....
Wayne.B wrote:
On Thu, 06 Sep 2007 20:14:53 -0400, Dan intrceptor@gmaildotcom wrote: Wow. You get two shares at half the price. What a bargain! You're right about the math not adding up but historically a split is usually good for a short term hop in the price. Its all in the psychology and perception. Short-term, maybe. Beyond that it's business as usual. Dan |
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