Weekly Stock Challenge 11/3/2006 - Win Free Trading Book

[Thierry Martin]

Stock Picking Challenge

Pick the highest percentage mover and win a free hardcover copy of Conquer the Crash!

Pick any stock that trades in the US market that closed at $2.00 or over with at least 100,000 share volume as of the Friday close before the contest.

Your entry price will be the market open price on Monday morning.

Entries for following week's challenge opens at Friday's market close - 4:00 pm EST - and closes at 9:00 am EST Monday.

[Thierry Martin]

Picks for this week from the end of last week's thread:

John Smith
I'll take ENER next week.

aiki14
COMS for next week. 26000 calls traded last week and rumours of private equity. That sounds like money.

englishman26
I'll take MEDI next week. Won't be explosive but nice consistant gainer for the last 2 months and looks to have some momentum going into next week.

jayweb
hzo for this week, the ft laderhill boat show is this week and the stock should go through the roof in the upcoming month

[krazykowboy]

Next week I gotta go with Garmin Ltd. (GRMN)

[TheChartGuru]

I'll take PXLW

http://stockcharts.com/h-sc/ui?s=PXLW&p=D&b=5&g=0&id=p94780604213

The Guru has spoken

[TonyM]

TRT

[cryder17]

LMRA again, this one is going to fly by the end of the month

[Svenwulf]

LAD short, please.

[MoMoney4Me]

Anadigics ANAD

[Jordan]

CN

[scottykaps]

AMD

[englishman26]

Next week I gotta go with Garmin Ltd. (GRMN)

You said last week you were going to take this this week. Why are you so confident in it?

[Justmakinmoney]

VLI

[krazykowboy]

You said last week you were going to take this this week. Why are you so confident in it?

Call it a hunch maybe. Recent analyists coverage and upgrades, dominate position in it's industry as most other global positioning systems and navigation devices lack Garmin's functionality and form. Product sales likely to do well in upcoming holiday season. Hey, Cramer likes them. They're getting good press on Forbes.com
They report before the bell Wednesday morning and I think they'll beat the $0.50 consensus estimate. Momentum has been to the upside past few weeks, until last Friday's dip. I look for a nice recovery and new highs later in this week.

Jest callin' em likin I sees dem :lol:

[krazykowboy]

oh, and last week's pick NFLX, it was all bout da earnin's nothin more nothin less

[mlegha1]

I'll take SIX

[a70coupe]

WYNN

why...i don't know

[metalheadrr3]

HMB

[Thierry Martin]

440

[TonyM]

Thierry, I'm long on TRT...unless it works out better being short;)

[Thierry Martin]

Thierry, I'm long on TRT...unless it works out better being short;)

OK, I fixed it. It wasn't actually entered into your trade, just next to your name. (auto filled because you were short before.)

[Thierry Martin]

Wow cryder17! 39%!

443

[englishman26]

Call it a hunch maybe. Recent analyists coverage and upgrades, dominate position in it's industry as most other global positioning systems and navigation devices lack Garmin's functionality and form. Product sales likely to do well in upcoming holiday season. Hey, Cramer likes them. They're getting good press on Forbes.com
They report before the bell Wednesday morning and I think they'll beat the $0.50 consensus estimate. Momentum has been to the upside past few weeks, until last Friday's dip. I look for a nice recovery and new highs later in this week.

Jest callin' em likin I sees dem :lol:

Well I thought you'd be right. But apparantly not! Down 15% today. Go back to shorting Cramer's picks I think - has a better success ratio!

[krazykowboy]

Well I thought you'd be right. But apparantly not! Down 15% today. Go back to shorting Cramer's picks I think - has a better success ratio!

Dabnabit, foiled agin! ya win sum ya lose sum !

When Garmin reported third quarter earnings on Tuesday, the results appeared to be solid. The communications device maker met the Street's earnings per share forecast and revenues rose nearly in every division except one.
But the company missed the consensus sales predictions prompting investors to sell off the stock on Wednesday, sending the stock to a sharp decline of 15%.

S&P analyst said investors may have sold shares prematurely, however, and maintained a "strong buy" rating on the stock.

[englishman26]

I actually agree! Great buying opportunity on Garmin here I think - for a 3 - 6 month run. Sales up 20%. Car satnav sales up 147%! The only reason they missed estimates by a tiny 3 cents a share is the exchange rate! (They're in the Caymen Islands.)

[Thierry Martin]

449

[TonyM]

The only reason they missed estimates by a tiny 3 cents a share is the exchange rate! (They're in the Caymen Islands.)

Huh? Garmin International is located in KC, Missouri. Besides that, the stock trades in US currency on the Nasdaq?? & 3 cents is not tiny; 216 million shares x 3 cents = $6.48 million

[krazykowboy]

Huh? Garmin International is located in KC, Missouri. Besides that, the stock trades in US currency on the Nasdaq?? & 3 cents is not tiny; 216 million shares x 3 cents = $6.48 million

Actually, Garmin International, Inc. has offices in Olathe, KS, but the company Garmin Ltd. is a Cayman Islands company. There address is
Garmin Ltd.
P.O. Box 30464 SMB
5th Floor, Harbour Place
103 South Church Street
George Town, Grand Cayman
Cayman Islands

englishman26 is correct

[krazykowboy]

For the three months ending Sept. 30, Garmin reported earnings of $123 million, or 56 cents per share, compared with $102.5 million, or 47 cents per share, during the same period a year ago.
Excluding the effect of foreign exchange rates, Garmin earned 50 cents for the quarter, up from 33 cents last year and in line with expectations from analysts surveyed by Thomson Financial. While revenue rose 62 percent to $408 million from $251.3 million in the year-ago period, it missed analysts' prediction of $423.4 million.

[TonyM]

Actually, Garmin International, Inc. has offices in Olathe, KS, but the company Garmin Ltd. is a Cayman Islands company. There address is
Garmin Ltd.
P.O. Box 30464 SMB
5th Floor, Harbour Place
103 South Church Street
George Town, Grand Cayman
Cayman Islands

englishman26 is correct

Indeed he is, but if you want your stock certificate you'll need to go through Securities Transfer Department
928 Grand Boulevard
Kansas City, MO 64106

I still don't see what the exchange rate has to do with the 3 cent miss, it's not like the company didn't know exchange rates would fluctuate when they issued their previous guidance and it sure didn't dissuade shareholders from a mass exodus today. I do think they have a great product, easily better than Magellan (I own a product from each) and I wouldn't doubt if Q4 is much better as they will likely see increased sales through the holidays.

By the way, did you forget your southern drawl?

[krazykowboy]

By the way, did you forget your southern drawl?

not hardlee bubba, whan Imma talkin atcha ya gonna git it strate from da horses mouth, but I reckon i kin cypher how ta do a lil copy n paste to ya know

[englishman26]

For the three months ending Sept. 30, Garmin reported earnings of $123 million, or 56 cents per share, compared with $102.5 million, or 47 cents per share, during the same period a year ago.

Excluding the effect of foreign exchange rates, Garmin earned 50 cents for the quarter, up from 33 cents last year and in line with expectations from analysts surveyed by Thomson Financial.

While revenue rose 62 percent to $408 million from $251.3 million in the year-ago period, it missed analysts' prediction of $423.4 million.

Garmin said sales for vehicle-based devices increased 147 percent during the quarter to $238 million and that it has lengthened its market lead in the U.S. and Europe as more people are buying personal navigation devices.

[Thierry Martin]

455

[metalheadrr3]

Man it has not been a good week at all.

[englishman26]

Yeah - that's why I took one for team with the "safe" MEDI play. Couldn't see much I liked this week.

[Thierry Martin]

Congratulations cryder17 on a great move.

458

[sealatte]

EFUT

my pick.. one good news holy cow... only 1.1M on IPO issue so tight float..

[englishman26]

I'll take BQI next week.