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Why Garmin Ltd (GRMN) won't be rebounding soon

 May 05, 2008 10:10 AM UTC
Return Risk
-36.29% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
GOOG Negative 05/05/08 +8.13% 06/23/08
GRMN Negative 05/05/08 +59.98% --
BRK.A n/a
AAPL Negative 05/05/08 +50.65% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Google (GOOG), Apple Inc (AAPL), Berkshire Hathaway (BRK.A), Bargain stocks, Stocks to Sell, Garmin Ltd (GRMN)

While researching GPS maker Garmin Ltd (NASDAQ: GRMN) -- whose stock has lost two-thirds of its value in the last six months -- I can't help but pity those long-term shareholders who reject trend following and technical analysis in favor of investing for the long term. To them, it seemed like only yesterday that GPS was one of the hottest technologies around and this industry leader could do no wrong.

Well, that's usually the time to sell, just as I posted on Apple Inc (NASDAQ: AAPL) in January this year and on Google Inc (NASDAQ: GOOG) in November last year, both before they each dropped 40% in just a few months. Because the truth is these popular technology stocks are all expectations. We're not talking Berkshire Hathaway (NYSE: BRK.A)-type va...



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