3SOF

Quote from: basonista on March 15, 2006, 05:35:20 PM
Michael, you mentioned a stop loss of $4.95.  Was it $3.95 that you meant?

Thanks Basonista. Of course it is 3.95. It is corrected by now!

FYI

is this for real? anybody got a different date?

from Yahoo! Message Boards: GIGM    

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earnings 3/23 before market.Up 9 cents
by: malonehog
Long-Term Sentiment: Buy    03/15/06 07:40 pm
Msg: 89402 of 89406

in after market

Message Thread [ View ]"

I'm very disapointed 

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1600640698&tid=gigm&sid=1600640698&mid=89393

Any thoughts about the impact on GIGM?


Best,
Vova

Earnings Date released, interesting to see if some speculation now returns prior to the date.

GigaMedia to Report Fourth-Quarter and Full-Year 2005 Financial Results on March 23
PR Newswire - March 17, 2006 06:29

TAIPEI, Taiwan, March 17, 2006 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- GigaMedia Limited (''GigaMedia'' or the ''Company'') (Nasdaq: GIGM) will report the Company's fourth-quarter and full-year 2005 financial results on Thursday, March 23, 2006 before the market opens.

Management will hold an investor conference call on March 23, 2006 at 8:30 a.m. Eastern Daylight Time, which is 9:30 p.m. Taipei/Hong Kong Time on March 23, 2006, to discuss the Company's fourth-quarter and full-year performance. A link to the live and archived webcast will be available at http://www.gigamedia.com.tw

Hello guys,

Today there was a nice momentum for GIGM. I have been watching GIGM for a while and been wating and wating to entera position. If it closes above the 4.75 resistance, I think that could be the start of a new run.It also forms a nice ascending triangle. only my humble opinion. Any thoughts?
rafael

Earnings date release (Mar 23rd) bought the speculators back into GIGM. Nice volume and close today above my previous resistance pivot point. The support from 50sma and the shrinking volume in the basing phase these past few weeks is technically very nice. I expect a pre earns run to test previous highs. What then happens at earnings is the unknown quantity. I m yet to decide whether to hold or not. My head says a firm NO, but my heart.......

So many GIGM threads on the various boards. Anyways don't want to post too often on the long term thread as that sort of negates having it as a long term hold. As I previously alluded to, speculators came back now the earns date released.

http://www.3stocksonfire.org/trading/index.php?topic=1441.msg52068#msg52068

Quote from: AussieTrader on March 18, 2006, 01:38:03 AMEarnings date release (Mar 23rd) bought the speculators back into GIGM. Nice volume and close today above my previous resistance pivot point. The support from 50sma and the shrinking volume in the basing phase these past few weeks is technically very nice. I expect a pre earns run to test previous highs.
What then happens at earnings is the unknown quantity. I m yet to decide whether to hold or not. My head says a firm NO, but my heart.......

Excellent summary of the sentiment I think many have on GIGM before the earnings (applauds!). Gigamedia can react quite violently to earnings so it certainly takes strong nerves to hold over earnings. The chart does however look strong here so we will hold GIGM over earnings.

To protect the profit we have on this trade we are putting a stop at 4.48. This is the second line of defense in case we have a break down in the chart after earnings.

The earnings estimates for Q4 is 0.03 and GIGM should be able to meet or beat this. I do however think that most interest will be around the forward looking statements and the expectations is high here.

GIGM has been so kind to release the earnings before the opening on Thursday so this stop might be revised if there is any good or bad surprises.

I sold some of my holding into the pre earns strength at $5.40, will now hold remainder through the earnings 'gamble' Well i say gamble, but decent support is close by, the pysch $5, 50sma at $4.60 (daily chart) and ascending support lines (weekly and daily).  Also as it is so close to 52 week highs any move through it will bring in a lot of buying as it will be a powerful breakout signal.
Caveat Emptor - My recent earnings plays have sucked big time, so I figured this time it must be better

Hi Michael,

Is that stop at $4.48 a market order?  I assume in the case of DIET that only a market order would have taken effect as the drop was so dramatic and fast.  Or do you put in a limit stop order with a range?

Awesome indeed La onda,

Lets see the bull run on this news. GIGM for the long term for sure.

Good Luck

Quote from: Michael on March 22, 2006, 02:52:48 AM

Excellent summary of the sentiment I think many have on GIGM before the earnings (applauds!). Gigamedia can react quite violently to earnings so it certainly takes strong nerves to hold over earnings. The chart does however look strong here so we will hold GIGM over earnings.

Congratulations Michael and to the 3SOF team on another monster.  I've been a silent follower of 3SOF for about 6 months now just trying to learn from everyone.   Great call to hold through earnings, being that Yahoo shows GIGM at $6.55 in pre market, up 26%.  Do you worry about the gap up being the peak of this run, or with the fantastic earnings do you think this is just a new base from which GIGM will run?  Are you thinking of selling here?  Thanks again.   

Now the question is will it be a white candle gap up or a black candle gap???

I just listened to the conference call. GIGM management are executing to a fantastic strategy and are super super bullish. I don't normally listen to cc's but for this one I made an exception.
My opinion following the results and importantly the guidance is that 1) This gap will probably become a breakaway gap 2) More analyst coverage will now come into GIGM and bring attention to a wider audience.

Good luck

Black candle gap-up.  I plan on taking profits if it tries to fill the gap and then re-enter later.

Great outlook...opinions?


laterz...Jody