11/24/2014 – Garmin
Issued: 11/20/2014
Garman, GRMN:
1. Our Wed., Nov. 19 Garmin update indicated Garman was a ‘Buy’ at yesterday’s close of $59.19 for a quick advance and test/attempt at $60.20 (initial profit target) and possibly $63.50/$64 later.
2. Today’s (Thurs., Nov. 20) session advanced and completed the initial $60.20 upside target (today’s session high $60.19, so far). Partial long position exits were taken at/near that level. Further long position exit should be taken at/near $61.20 and any remaining position held for the possibility of $63.50/$64 noted in the original update.
3. Our protective sell stop has been raised to $58.80. This stop will continue to be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 11/25/2014
Garman, GRMN:
1. After completing the $60.20 upside profit target on Thurs, Nov. 20 Garman declined and hit our adjusted protective sell stop at $58.80, resulting in a gain on the overall position. Will message any further entry or indication in Garman.
David Williams
Issued: 11/19/2014
Garmin, GRMN:
1. Garmin broke out on the upside today (Wed. Nov. 19) placing Garmin in a ‘buy’ position for a multiweek advance and test/attempt at $60.20 (initial exit target), and possibly $63.50/$64. Today’s session closed at $59.19.
2. A protective sell stop should be placed at $58.00 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.