tag:blogger.com,1999:blog-2335748440449035592.post1102076428845712286..comments2007-11-19T00:05:30.757-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2335748440449035592.post-3252797483999157622007-11-19T00:05:00.000-05:002007-11-19T00:05:00.000-05:00Parker I agree. The stock went right to its 50 day moving average of $102 as the high of the day, so let's see how it does. There is also now a gap right around $89 so I'd be interested either on a breakout above $102 or a pullback to $89. It could go either way from here.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-88163810255270586412007-11-18T23:21:00.000-05:002007-11-18T23:21:00.000-05:00sorry, article submission was to www.seekingalpha.com - ParkerParkerwww.parkercapitalmanagement.comnoreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-71229619061400303922007-11-18T23:20:00.000-05:002007-11-18T23:20:00.000-05:00I agree with the "sell on the news" rationale and did so myself...however, with this risk off the table, I will definitely be back to buy in the low 90's. I just submitted an article about how GRMN is a good buy considering this new info....should be up on Monday. - ParkerParkerwww.parkercapitalmanagement.comnoreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-4833287838876911962007-11-16T11:30:00.000-05:002007-11-16T11:30:00.000-05:00Yes it is a bit over the top isn't it. We do appear to be oversold and sentiment is pretty horrible so I would not be surprised with a move up soon - we are holding in the 1440-1450 range. But the rallies will probably be limited for now up to 1490. In between 1440-1490 its sort of no man's land and it could go either way very quickly. On the plus side we are getting some nice valuations on some great stocks for the first time since mid August. I think a lot of companies that will be fine in a slowdown are getting tossed out with the rest, but that will take time to sort out - investors are sort of panicky now.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-85133665412990343682007-11-16T10:16:00.000-05:002007-11-16T10:16:00.000-05:00This really looks like a bear mkt in the making. All the rallies are getting sold off.Anonymousnoreply@blogger.com