3SOF

Is GIGA a good buy at this level (4.18)?  Or do you think it may drop below 4 and seek a new base there before going up again?  They just reported good financial results, and I am surprised that this stock didn't take off like it did in the past on non-financial news.

Any opinions?

Thanks!

The thing is back in March the stock hit a high of about $5.  It went up real fast then dropped.  I think a lot of people thought it was going to break out from there. 

I think a lot of those people are selling off.  A lot of ask prices.  But My opinion is this is a good entry point.  The stock is recovering.

I am always leary of a fast up move in a stock.  if you look at the chart the move was alsmost onf a 90 degree angle.  It was bound to retract.

Good luck.

I like the chart...and the rest

Markets : Stocks In Motion   



Tech Stocks in Motion

By Mark Martinez
TheStreet.com Staff Reporter
5/12/2005 4:51 PM EDT 

Updated from 2:13 p.m. EDT
Shares of American Superconductor (AMSC:Nasdaq - commentary - research) were among technology's losers Thursday, falling 5.3% after the company posted fourth-quarter sales that fell well below expectations.

The maker of electronic converters posted a loss of $8.2 million, or 28 cents a share, on sales of $12.9 million. Results included a $2.7 million litigation charge. Analysts polled by Thomson First Call were expecting a loss of 19 cents a share on sales of $14.5 million. A year ago, the company reported a loss of $4.5 million, or 16 cents a share, on sales of $11.6 million. Looking ahead, American Superconductor forecast a fiscal 2006 loss of $18 million to $23 million, or 55 cents to 70 cents a share, on sales of $55 million to $65 million. Analysts are expecting a loss of 59 cents a share on sales of $57.3 million. Shares traded down 52 cents to $9.36.


Giga-tronics (GIGA:Nasdaq - commentary - research) rose 13% after the company swung to a fourth-quarter profit and posted a 60% jump in sales. The maker of microwave components posted earnings of $203,000, or 4 cents a share, on sales of $5.3 million. A year ago, the company reported a loss of $1.7 million, or 36 cents a share, on sales of $3.3 million. Orders from continuing operations rose 133% over last year and the company's book-to-bill ratio rose to 2.31 from 1.58 a year ago. Shares traded up 51 cents to $4.42.

I have had GIGA for a few weeks now, starting at $4.11.  It has been going up and down with not much moving in either direction, and the volume has been considerably low.  It has been behaving completely contrary to my expectations.  Do you think this stock will take off this week, or continue its recent behavior?  If the latter, I may sell at near-breakeven and get something else instead.

Thanks,
Jeff

Anyone watching this one today?

Nice one year chart:
http://stockcharts.com/gallery/?giga

In @ 5.95

Showing mutli-day strength. Next CAFE? Extremely low float.

News today:

09:19  GIGA Giga-tronics announces Israel Ministry of Defense contract award (4.71 )

Co announces that through a joint effort of its Microsource and ASCOR subsidiaries, it has received an order valued at approx $2.0 mln for compact high performance synthesizers and VXI slots for use in military communications systems.

GIGA, nice buy Tommy, personaly I'd be locking in profits on GIGA,big move history suggests spikey run followed by  downward drift. That said nice news on the Israel contract, military deal will go on for ages, maybe this could run more. For some reason it hasn't appeared on my vol mover filter, hmm something to look into.
Again nice buy, you get some good winners.

Quote from: lojze on July 19, 2005, 12:59:28 PM
News today:

09:19  GIGA Giga-tronics announces Israel Ministry of Defense contract award (4.71 )

Co announces that through a joint effort of its Microsource and ASCOR subsidiaries, it has received an order valued at approx $2.0 mln for compact high performance synthesizers and VXI slots for use in military communications systems.

it was a great stock today - reminded me of how things used to be

I suspect earnings next week will be strong. This stock is a keeper for me. Uptrend since Sept. 2004

http://stockcharts.com/gallery/?giga

Offical Short Position is immaterial:

http://www.shortsqueeze.com/

Unfortunately, tommyt, the link is just for members.

I wish I had been in GIGA instead of GIGM 

Good luck to you.

Cheers.

I'm sorry. Type:   www.shortsqueeze.com    *it's free for vistors on the home page, just type in GIGA in the short quote box.

Looks like GIGA may be shaping up for gap open, nice bounce of the 9 ema zone from the pullback 2 sessions back, close near hod on good vol, lot of filters will pick it up tonight.

Anyone still in GIGA or considering getting in?