15% in 45 days

Eric • 15th Dec 2006 • Finance

15% is a good return for an investment. Doing it in 45 days is even better.

Wed 11/1/2006 – Garmin Reports Record Third Quarter; Revises Annual Guidance Upward – PR Newswire Garmin Ltd. 3Q Profit Rises. Stock drops more than 10%

So I bought at 46.61. Of course, when I buy, immediately I put in a “sell” order. Today, they sold at 54.45. Total cost was $892.59 and sale was $1,027.51. 15.12% profit in 45 days. That’s a 122% annualized gain. And now I have some cash to buy something else…