Garmin!!!

So Garmin (GRMN) reported excellent with 35% increase in total revenues compared to Q1 of last year, they experienced triple digit growth in North America and Europe as well, not to mention a 5 cent increase in EPS. And the market punished it. HARD. WHY?! Bad outlook and the expecting decrease in margins due to the lowering of their personal navigation device (PND) cost. The market HATES them. And I love them! So I increased my position in them, but unfortunately it was a few days ago so I'm down a little more than 11%. I'm still bullish though, and suggest everyone to take a good hard look at GRMN.

In other news, the oh so wonderful Fed cut sliced the prime rate again, another 0.25%. The market tanked but I'm not worried. We had two wonderful weeks of an upswing. The end of the bear market? Will the Fed keep cutting rates? I can't say, but a famous quote from the Battle of Britain does come to mind:

"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning." - Winston Churchill