Sunday, May 18, 2008

Got 3rd 3 GREEN signal for GRMN yesterday

Finally 30 day MA for GRMN gave last 3rd GREEN signal yesterday at $44.5-$45 ( see the image below. I copied this image from investools).


Following is the big chart that I copied from investools. As you can see the numbers are increasing. Looks like big guys now entering in to market.
05/16 05/09 05/02 04/25 04/18 04/11 04/04 03/28 03/21 03/14 03/07 02/29
26 24 25 18 13 12 21 30 27 31 37 41

Good news for us. Perfect time to buy. Now stock price should go up.

I bought 61 shares at $44.74/share. And just in two days it was trading at $50.02. Amazing 11% return in 2 days. But I will sell only when big guys are selling. Rule no 1 really rocks. Guys like me who just started their carrier can now take their financial decision by their own. I really recommend reading Rule no 1 to everyone.