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Mr. Navellier bought GRMN on July 2006 at $46.51. He then sold it on May 24th 2007, when he wrote his Blue Chip Growth June 2007 issue at $60.87 for a nice 30% gain.
He was so happy that he suggested to buy GRMN again on August 23rd 2007 at $101.30 with the following ridiculous words to justify the 60% missed profit he could have made in 2 months:
[Sorry guys, I had to remove this, but it was reallt hilarious. I just leave this: If you are looking for a stock that’s headed in the right direction, Garmin is the place to be, quite literally.]
Buy GRMN below $99.
In October 2007 he also put GRMN as number 1 of his Top5 Stocks and increased the buy below price (his subscribers should have had sold at this moment...).1. Garmin (GRMN) [REMOVED] Buy GRMN below $115.
November 2007 issue: buy below $120
December 2007 issue: buy below $92
At that time a reader sent a question to Mr. Navellier (I am sure the reader's question is not copyright):
I am new to investing in markets, and have been slowly putting funds into your Blue Chip Growth Buy List. I have been concerned about Garmin and I know you have had a lot of inquiry on this stock. In your recent hotline you mentioned that the stock might be going “soft.” I do not know what that means. Could you please explain. Thanks! ~Reilly J.
Poor Reilly J...
I cannot report the answer from Louis Navellier, but I can tell you he said The stock is a great buy.
January 2008 issue: buy below $114
February 2008
[REMOVED]
Buy below $70.
March 2008 issue: buy below $75
Ready for the April issue?
April 2008 issue: edited March 17th: GRMN closed at $53.76 on March 16th.
This month, it’s time to sell [REMOVED], Garmin (GRMN), [REMOVED]
Did anybody buy in October 2007?
Let's recap now:
- Louis made a 30% profit from July 2006 to May 2007
- He missed a 66% profit from May to July 2007
- He made a loss of 47% between July 2007 and March 2008.
Without counting the missed profit, from July 2006 to March 2008 GRMN brought Mr. Navellier a 31% loss.
And people incredibly pay him to read his advices...
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