hmm

Eww, I haven't posted anything in awhile. But in my defense, nothing new has really happened. I did total my car (fortunately no one was hurt) and have since bought a new one in one month's time!

Stock wise, I have increased positions in both Garmin (GRMN) and Cleveland Biolabs (CBLI).

Garmin recently suffered a huge hit when it was announced that Navteq (NVT) was being bought out by cellular phone giant Nokia. So how does this affect GRMN you might ask? Well, Navteq is the sole provider of GPS mapping information for GRMN's GPS navigation equipment. By having a company like Nokia at the reigns, this will most likely mean GRMN will not have the premium pricing it once used to enjoy for NVT's services. Investors were really scared by this an a stampede-like bear run ensued. This is where I jumped in an almost caught it at the low point (@ $96.45) which was really sweet timing. In the long term a few cents doesn't matter, it's just icing on the cake. Since Oct 3, GRMN has been up quite nicely and almost back to it's 52-week high.

And now the poor trading on my part. I went against my rule and bought CBLI on a the tail-end of a huge bull run. I thought the institutions might have known something that wasn't released yet, possibly the announcement of DoD Contract award. So, in a panic i bought. And I bought at PEAK. So now I'm down about 12% on that position. Remember, NEVER buy Biotechs on no-news! I should have known better, but I'm holding firm on that position. I still believe CBLI has plenty of room to run, especially when the DoD contract award is announced (supposed to have been end of summer, but it's looking like it won't be till end of this year).