Well guys, here's the result of this thread....
About two weeks ago, I went ahead and purchased some shares of GRMN... 400 to be exact, at around 90 dollars a pop.
As of today, it's up to 102.30.
Since this is real money and not a game, I decided not to post this in the other thread.
With the price up more than 5% today alone, I've put in the sell order and am waiting for the inevitable drop. Mind you, I am doing this against my better judgment. As a big fan of Warren Buffet, I planned to be in this for the long haul, but with growth this quick, I just couldn't stand it. A 25% return on the year is okay, a 5% return in one day is not natural, and thus, as everything balances out, I figured better bail now and re-invest later. The quarterly report is still about 5-6 weeks away, and I'm hoping to catch that wave too, when it comes.
As the concept of conservative investment goes, you invest in the company, not the stock. Having said that, I honestly believe that this company can probably double my money in 1.5-2 years. Nevertheless, I cannot just sit by and watch this huge wave pass me by. I'm taking the addict's way out.
Furthermore, another company that I put some funds into, a penny stock belonging to a very promising midwestern company specialising in the production of Choicedek material, just lost 10 percent today. The plan is to parlay the Garmin gains into the penny stock, and hope that it recovers the losses.
Tomorrow morning, it'll be plainly obvious if I should cry or rejoice. My fingers are crossed.
In the meantime, I want to thank you guys for reaffirming my beliefs in this company.
