Irrationally mad decision making to obtain the American Dream.

Garmin Co. to keep with tech uptrend. Lots of advertisement for GPS units.

GRMN after earnings tanked like SHLD, but has really made a move up.  I really thought it would continue downwards, but its earnings was confusing.  GRMN is like the Starbucks (SBUX) of GPS units.  They are in many new cards and their advertising campaign is huge.  I could only imagine how much they are paying for TV advertising.  I see a GRMN GPS commercial at least once a half an hour watching cable TV.  I think this will really push to make consumers think they “need” their product in return wanting it for the holidays as a gift for an upgrade to their car.  Below is a chart showing technical reasons backing the price increase after earnings going up.  I see it going to $52 to $55 in the near future.

grmn233.JPG

Advertisements

One response

  1. GRMN is still following a larger trend and smaller uptrend. It has also been really pushing its products. I see to continue to follow uptrend.

    November 28, 2006 at 6:26 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s