My pick is GIGM (GigaMedia Ltd.) which is a familiar stock to most on 3SOF. My reasons for picking GIGM are both fundamental and technical. Fundamentally GIGM looks good after they sold their music stores and concentrated on on-line gaming industry.GigaMedia Limited provides on-line entertainment software and services. Through its subsidiary, Cambridge Entertainment Software, the company develops software for on-line entertainment services, including on-line gaming and social networking. It also offers FunTown game portal, an Asian casual game portal that provides an on-line MahJong game site. In addition, the company operates a broadband ISP through its subsidiary, Hoshin GigaMedia, which provides Internet access services to consumers and corporate subscribers in Taiwan.The major potential for GIGM is the huge potential of MahJong "for money". MahJong is very popular in the far east and the market is huge. In the meantime GIGM reported record earnings for 2005 Q4.
Technicaly, as the chart below shows the stock has been on a steady climb for the past 6 months and it seems that the stock is under serious and methodical accumulation.
I believe that there is a good chance that there would be a break out in the stock in the coming weeks and/or beyond.
Technicaly, as the chart below shows the stock has been on a steady climb for the past 6 months and it seems that the stock is under serious and methodical accumulation.
I believe that there is a good chance that there would be a break out in the stock in the coming weeks and/or beyond.
