02/12/2015 – Garmin
Garman, GRMN:
1. In yesterday’s (Thurs., Feb. 12) Williams edge stock meeting it was noted that Garman, then trading at approximately $55.50 was an immediate ‘Buy’ for further advance to $56.50 or higher.
2. Today’s (Fri., Feb. 13) session advanced powerfully and completed the $56.50 initial target (and higher).
3. Those long from yesterday’s long entry exited (at least) a portion of their position at/near the noted $56.50 initial target. Any remaining long position should be held for the possibility of higher prices to be messaged in a subsequent update.
4. A protective sell stop should be placed at $56.40. This stop will be move higher as the market continues to confirm. Will update.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.