Finding True North
By JAY PALMER, Barron's, Feb. 27, 2006
THINK BACK TO WHEN CELLPHONES, DVD players and big-screen plasma TVs became popular. In each case, when prices fell just far enough, the products moved from being the play things of wealthy early-adopters to hot-selling mass-market items. This year, there's a very good chance it will be the turn of portable satellite-based navigation devices for cars, boats and hiking trails.
These gizmos, which can be held in the hand or mounted on dashboards, have been plunging in price. Many models are priced not far above $500, down from well over $1,000 a few years ago, setting the stage for a surge in demand. Industry analysts and executives figure that total sales could double this year, from more than $2 billion worldwide in 2005.
That's good news for ......
The article went on to recommend GRMN - a good company but facing with fierce competitions and shrinking margin. Neverthless, in the following 8 trading days, GRMN was up about 12%.
You can never underestimate the stupidity of the general public.
Scott Adams (1957 - ), The Dilbert Future
There are only two ways by which to rise in this world, either by one's own industry or by the stupidity of others.
Jean de LaBruyere
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