Wednesday, January 9, 2008

GRMN Fall!

After an analyst reduce the target price for GRMN yesterday. Today, it got downgraded by Deutsche Securities from Buy to Hold. The stock price dropped as much as 12% in mid-day. I still hold on to my position since now it has normal P/E compared to competitors so I believe it won't drop down any further.

AAPL finally make its way up after several days of severe beating and go as low as $168.30 but at the end of closing day go back up to $179.40. I hope the uptrend will continue as we start on this new year.

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