Garmin’s New High

Take Call Profits

By Bryan Bottarelli
Monday, December 18, 2006 9:24 AM EST
Mon, 18 Dec 2006 14:24:00 GMT

Dear Bottarelli Research Member,

Last Friday, shares of Garmin (GRMN) continued to trade at pre-split levels — and they rallied another $1.30 to set a new 52-week high at $54.87. Then in pre-market activity this morning, shares are once again trading up to $55 a share. Based on this pop, the Garmin January 55 Calls (GQR AK) that we entered for $1.70 traded as high as $2.26, good for a nice 32.94% gainer. If the stock continues to trade at pre-split levels this morning, let’s go ahead and take our profits off the table.

GRMN

PLAY: Sell your Garmin January 55 Calls (GQR AK) at or above $2.25, good for the day. Enter this order now. If shares execute the 2 for 1 split, then we’ll re-evaluate the position once the options split pricing has been worked out.

Lock and load,

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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