Issued: 10/22/2014
Garman, GRMN:
1. Our Thurs., Oct. 9 Williams edge live meeting (and subsequent reports) indicated Garman as a ‘buy’ from approximately $50.00 for a forecast test/attempt at $54.00 (or higher) expected into the week of Oct. 20 (+/-1 week). Today (Wed., Oct. 22) Garman completed the $54.00 upside target (today’s session high, $54.34, so far).
2. This completes the intended trade. Any remaining long position can be held for the possibility of higher prices with a trend following stop in place.
David Williams
Issued: 10/15/2014
Garmin, GRMN:
1. Since Thurs., Oct. 9 Garmin has been a ‘buy’ from approximately $50.00 for a test/attempt at $54.00 (or higher) expected into the week of Oct. 20 (+/-1 week).
2. Garmin has since advanced to a swing high of $52.12 and closed today (Wed., Oct. 15) at $51.86.
3. Longs based upon the original Thurs., Oct. 9 indication should exit a portion of their long position at current prices (at/near $51.86) and hold any remaining position for further advance noted in the original update.
4. A protective sell stop should be placed below $49.70. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 10/21/2014
Garman, GRMN:
1. Since our Thurs., Oct. 9 Williams edge live meeting (and subsequent reports) Garman has been a ‘buy’ from approximately $50 for a forecast test/attempt at $54 (or higher) expected into the week of Oct. 20 (+/-1 week).
2. Today (Tues., Oct. 21) Garman has advanced to the swing high of $53.56, nearly completing the $54 upside target do the week of Oct. 20.
3. Long’s based upon the original Thurs., Oct. 9 indication should exit a further portion of the long position at current prices (current price, $53.21).
4. Any remaining long position should be protected with a protective sell stop at $51.90. Will update.
David Williams