Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, October 1, 2007

assmonkeys on wallstreet and GPS

Garmin GRMN is growing at 2x per year.... they are selling twice as many gps units every year. Not only new users but also old users upgrading to new units. So many people use them for cycling, backpacking, and a thousand recreational uses.....

Wallstreet thinks it is for Tubby and his wife, so that they don't get lost on the way to cousin Hugo's new home for a BBQ..... Why? because they are Tubby, and haven't seen the outdoors in since they walked over to central park, to get gang raped by disco dancers... WTF does that mean...... it is just a reminder of how important it's been in the last week that the Mets play baseball.

Garmin will continue to make great products that will never be able to be replaced by a cell phone... cell phones have to get 4x more powerful, and and and.... will have to be connected to the cell towers and the Internet.... How helpful will that be when your lost in the middle of nowhere.... that is where your Lame ass cell phone gps will get you...... Stupid wall street morons...
There are 2 tech stocks on the nasdaq 100 that have any value, one is Garmin the other is cisco. once the recession hits... they will continue to do well, while the rest of this consumer shit will go down the toilet as the over leveraged consumer takes a hit that has not been seen in our lifetime.

But none of this means GRMN isn't going lower.... Opinion and emotion are everything, if she goes she goes, but I'd buy it before earnings every time for huge pops ever time as Tubby continues to be surprised by a company that continues to RIPPPP, if there is something to dump on this it's that lame Magellin...

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