1:15pm (EST) The market had a nasty open but has since recovered most of the losses as it struggles to break even. The Dow is down 22 points to 10,904 after touching a low of 10,819. We mentioned the short-term support for the Dow was 10,800 and we bounced right off thoseRead more
Garmin Loses Its Way
Bears Gaining Momentum
9:10am (EST) Folks, this is the most exciting market we’ve seen in quite some time and the dramatic increase in day-to-day volatility is unfolding just like we thought it would. The market’s moves are reminiscent of the huge price swings in late 2008 and early 2009 when everybody panicked overRead more
Garmin Gets Gutted
1:00pm (EST) Shares of Garmin (GRMN, $27.54, down $3.87) are getting hammered today despite the company reporting better-than-expected earnings. Third-quarter earnings came in at $1.02 a share, which was well above Wall Street’s estimates of $0.69 and $0.87 a share the company reported last year. The problem was revenue fell 10% to $781Read more