With all of the good news shouldn't the stock GRMN sell for $110, isn't a great time to buy it now at $87

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With all of the good news shouldn't the stock GRMN sell for $110, isn't a great time to buy it now at $87

last week, it was at $100. with nothing but great news, the stock went to $87, and there is a stock split on next week. Shouldn't the stock price rocket by then?

2006-08-10 15:17:37 · 2 answers · asked by princemo4 2 in Business & Finance ➔ Investing

2 answers

Here's a link for you... I think you'll notice that it's hard to keep stock prices up with brokerages DOWNGRADING it.
http://finance.yahoo.com/q/ao?s=GRMN

2006-08-10 15:53:36 · answer #1 · answered by Mike S 7 · 1⤊ 0⤋

For the market makers to sell off for profit, they have to make you believe in it to buy it on the way down. Be careful.

2006-08-10 23:37:17 · answer #2 · answered by pattycake 3 · 1⤊ 0⤋