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Jim Cramer Actually Got It Right...Only, Three Months ...

8 years ago12 views

INOVideo

INO.com

It's no secret that we've been socked with snow this past week. During that time, I was flipping through channels and came across Jim Cramer's show Mad Money. I've said this before, Jim is a great entertainer. I am not so sure how good he is at picking stocks. Visit MarketClub today: http://tinyurl.com/VIDNET He mentioned shorting one stock, Garmin (symbol GRMN). What he said about Garmin sort of made sense to me both from a technical and fundamental viewpoint. So here is the fundamental viewpoint... Many of the new phones that are coming to market are referred to as "smart phones" and have the same capabilities as a standalone, turn-by-turn GPS. In my own case, I have an Apple iPhone. I was looking for a navigational application in the App Store and found exactly what I needed and the good news was - it was free, that's right free. So the question is, why would anyone pay $150, $200, or even $300 to Garmin to have one of their systems? Fundamentally, I think his case is very sound. Then, I looked at the technical picture for Garmin and noticed that we had a red monthly "Trade Triangle" sell signal some time ago (November 4th to be exact at the price point $27.06). So here we are some three to four months later having Jim Cramer tell us that Garmin may be a short. For my money, I want to be trading the "Trade Triangles" and not listening to Jim Cramer and getting old news. In this short video on Garmin, you will see exactly what were looking at and where the signals kick in. I also point out where one very important technical indicator is at a tipping point. All the best, Adam Hewison President, INO.com Co-creator, MarketClub

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