3SOF

Quote from: voova99 on January 16, 2006, 10:41:03 AM
latetrader

What do you prefer to buy? good stock on higher price or bad stock on low price?
Good stock isn't dropping, just has a little pullback. I don't think it will be lower than 3.7 .

Best,
Vova

Vova...a good stock at great price would be ideal.    More shares can be bought using the x% of the portfolio approach.  So, anyway..it also looks like your think a pullback to the 10 ema is reasonanbly possible?  which represent about a furthur 8% from where it is today.  I'll watch this closely and see where the stock boucnes off support at..then  jump in.

thank you
Bud

Hello Forum..I am a new memeber to the 3SOF community and eager to be involved.  Not a extensive investing  background and am learning, so no gospel from me and actually  like expert TA folks  to confrim  comments I make.

I'm looking for a buy point into GIGM  for  swing and  long term, and if there is a  signifiacnt decline ( 20% or more  in the near future) , I would wait for that correction to occur.

The TA for GIGM at the present coudl be indiating a correction of the magnitute is possible.

Weekly chart: RSI is overbought (>70), however the MACD is still headed up.
Daily chart: RSI headed down and at 70.  MACD peaked Midweek  is down Friday with a good drop.  Slow Stochastics has turned  down for a number of days, at 80 now and signlal line crossed. 

So, i think that it is likely that a decline to the 10 ema at 3.72 will occur and then to the 20 ema at 3.37 if to 10 ema does not hold.

http://stockcharts.com/def/servlet/SC.web?c=GIGM,uu[w,a]daclyyay[dc][pc10!c20][vc60][iUah12,26,9!Lh14,3]&pref=G

What do you all think?