Do My Eyes Deceive Me?

GRMN Now Falling!?

By Bryan Bottarelli
Wednesday, August 02, 2006 2:47 PM EST
Wed, 2 Aug 2006 19:47:00 GMT

Dear Bottarelli Research Member,

Can you believe Garmin (GRMN – NASDAQ)?

After jumping up more than $9.00 in pre-market activity, the stock is now showing a LOSS of $2.68 on the day. This has pushed your GRMN August 90 Puts (GQR TR) all the way back to $6.20 today, coming with a mere $0.10 of our exit prices from yesterday. Amazing!

GRMN-2

Without question, this has been a wild ride today — which is what I hinted at this morning when I said you may want to consider holding onto these puts a little longer. If you took that advice and you’re still holding these puts, may I strongly recommend selling them into this end-of-day sell-off? That way you can close off the play — and take what I consider a truly remarkable profit!

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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