03/16/2015 – Garmin
Garman, GRMN:
1. In Thurs. Mar. 12 Williams edge stock meeting it was noted that Garman would be a ‘Buy’ position upon any test of $47.50/$.30 into early the week of Mar. 16.
2. Today, Mon., Mar. 16 Garman declined to $47.29 before reversing quickly up to $48.55, completing the forecast.
3. Aggressive traders taking advantage of Thurs. indication should place a protective sell stop at $47.50. This stop will be moved 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.