GRMN (GARMIN) ON WATCH LIST FOR SHORT SELL

Twitter
LinkedIn
Facebook

$GRMN shares have steadily moved up since reporting better than expected numbers. Our analysis shows the reason for better numbers is inventory build up. Inventory build up appears to have continued in this quarter but should be near an end.

The other factor in the run up has been introduction of G60 Nuvifone. Today AT&T announced price of $299 after $100 mail in rebate with 2 year service agreement. In contrast Apple’s basic iPhone costs $99. We do not believe that $GRMN will ever succeed in the phone market beyond a niche player. Analysts expect $60million phone sales in 2009 and $250million in 2010. In our opinion there is a high likelihood that after the initial burst of activity, sales will fall off and not meet the targets.

This stock has a short interest of 16% of the float. The probability of a short squeeze is very high. We will start scaling into a short position on any spike from the anticipated short squeeze.

Subscribe to 'Generate Wealth'

Free Forever

More To Explore

30 Day Free Trial

Cancel within 30 days and you owe nothing

When you take a FREE 30 day trial, you get access to powerful techniques used by billionaires and hedge funds to grow richer. You can continue to use these powerful techniques to grow richer even if you cancel your subscription. You come out ahead by subscribing no matter how you look at it.

A fortune is to be made from AI stocks.
Get the list of 18 AI stocks to grab your share of the profits — no cost to you.

A fortune is to be made from AI stocks.

Get the list of 18 AI stocks to grab your share of the profits.

AI is a $1 Trillion Market

Making A Fortune
In Artificial Intelligence

Golden Age of Artificial Intelligence