Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] GRMN
Date: Wed, 22 Jan 2003 10:23:28 -0600
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We bought GRMN around $24.6 and added a third to our position yesterday.
Wanted $27.70 but got filled at $28 in the violent recovery. We check
sources and called Garmin for an explanation. Merrill Lynch sold a
large position yesterday. Tape watchers should have notice a block of
some 50,000 plus shares go across the ticker. Also a 13G was filed
indicating that Mr. Kao, Co-Chairman and CEO lighted up on some 3MM
shares. This should have been in the stock already though. This is one
company (unfortunately) that I am falling in love with. I would be a
very reluctant seller. Hope this sheds some light for those Garminites
out there.
Ed Gjertsen II
ed@macktracks.com
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Wednesday, January 22, 2003 9:29 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] GRMN, SBMC
I owned GRMN going into yesterday, and was sitting on a 25% profit, but
based on this M, I had a trailing 15% gain stop order in, which was
automatically exercised. I was happy to keep my profits, but somewhat
mad
that I got out of what is I believe a strong company.
I will keep a watch on this one, and hopefully not be kicking myself
later!
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Rolf Hertenstein"
<rolfh@mindspring.com> To:
canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: Re:
[CANSLIM] GRMN, SBMC
ission.com
01/22/2003 09:07 AM
Please respond to
canslim
Dunno about SBMC, but GRMN has had a good run-up of late. Maybe profit
taking in case the market continues down. If you believe in such
things,
the PEG ratio (current P/E to growth) is fairly high, even taking the
highest estimate for growth in 2003.
Rolf
> I've been scanning my news sources, but can't seem to find out why
these
> stocks crashed yesterday. Anyone know?
>
> Thanks,
>
> Ann
>
>
>
>
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