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GIGM Stock Chart

By Brett Goldstein on May 07, 2007

gigm1.PNG

Well its time to gamble on this gambling stock, GIGM, Gigamedia LTD. I have liked this stock since 9$. There earnings are coming out this month so keep this on the radar. It should break out a little bit over 15.50.

I also took a look at MGM. I would not put any money by the means of the chart. Shorting would not be a bad idea.

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This entry was posted on Monday, May 7th, 2007 at 8:50 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.


4 Responses to “GIGM Stock Chart”


By Wall Street Matador on May 8th, 2007 at 8:41 pm

Im currently long GIGM

By green on May 9th, 2007 at 8:23 am

Values are changing at a regular basis.

By Blain Reinkensmeyer on May 10th, 2007 at 10:41 pm

I like this chart, but I also will be looking for strong volume on the break to show strength.

By Scrappy on August 14th, 2007 at 9:07 am

I know this is a TA site, but take a look at this one again…with fundamentals under scrutiny now too.

It retested 200EMA not long ago, now climbing out of the cellar. Now, up > 10% today on a good CC. Could continue higher with some institutional positions gaining in size: notably, Credit Suisse as of 06/30/07 had increased their position 266% and a few other investment firms as well were picking up new or increasing positions (Roth, Think).

This could be a multi-bagger (or more) based on fundamentals, yet has a good beta trade groove to it too. Hold some, play some. Can’t go wrong with this one IMO.

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