Friday, October 12, 2007

Come back kid, tech

Tech rebounded strong today after a sharp drop yesterday. Apple ended up 3% along with Garmin, up 4%. Nice gains going into the weekend. I am going to put on some limit orders to sell Garmin. I am up over 10% in less than two weeks. I sill like the stock, but when you get a jump like that it only makes sense to bring in some profits. Yesterday, Goldman Sachs raised the one year target price of Apple to $190. This stock has more momentum then the Patriots (who are going to get schooled by the Cowboys this weekend!)

Disclosure: Long Apple, Garmin & Dallas Cowboys

Have a good weekend

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