Money in the Mouth

I decided to put my money where my mouth was and invested some more in Garmin on 12/12/06. My purchase price was $51.04. That plus my initial investment in Garmin at $46.84 on 11/3/06 has now returned 14% so far (with a dividend included in there). It's current trading price today is $55.66. Not a bad return on an investment that's only a couple of months old...hold on...ok, I just knocked on some wood.

Garmin still fluctuates in stock price a bit too much for my nerves but it's still a fairly small company and stock price fluctuation occurs in small fast growing companies. I've also seen quite a few posts that day traders really like it's upward trend mixed with its volatility which tends to induce even more volatility. Overall though, it's had a very nice upwards trend since it's drop. I'll post an update once Garmin releases it's 2006 annual report.

It's time to continue on to my next investment. I actually purchased this next stock in September of this year but didn't perform a very detailed analysis on the company. Time for that to change!