GIGM - Sector: Technology---Industry: Multimedia & Graphics Software

[eliteG]

GIGM - GigaMedia Limited, a holding company, engages in the distribution of recorded music, as well as in the provision of broadband Internet access services and online entertainment services in Taiwan.

Rumor:  The story on this one is that the earnings release should have happened in mid-may.  No-report out yet and its the beginning of June.  Rumor is they are getting the books in order because of a buyout, spinoff, or some other deal...basically all good rumors.

Technicals:  All the moving averages bunched up with consolidation as the volume went way down.  Now you have all the moving averages turning with it to provide support...with a rise in volume.

Something to put on the watchlist...or perhaps take a position in.



 

[stocky]

The chart pattern shows vertical rises and forward steep slope spikes. Meaning any gains abrupt and after that they are not sustained. Sign of a 'one day wonder' perhaps. But could be ready for another flight. However, it now all depends on the direction of market.

[eliteG]

hmm just after i buy the stock they announce when there earnings will be...(9am Wed. June 8th
http://biz.yahoo.com/prnews/050603/lnf023.html?.v=5

I will most likely be a holder over earnings:
http://www.chinastockblog.com/ticker_gigm/

[eliteG]

nice reaction to earnings...woohoo 

[eliteG]

sold mine @ 2... thinkin of buying back in...filled the gap after strong earnings?

[lerainking]

Bought 10k shares yesterday at 1.75 and sold it at 2.00 early this morning.  Bought again (5k shares for longer term) at 1.80 because I bellieve it could be a real turnaround considering management has done a terrific job in the past year.  I would like it even more if they dump some of their losing ventures and capitalize on the gaming segment.  Plus, looking forward to some acquisition news in the future.  Looking to add 5k shares when the opportunity present itself.  Good luck.

[eliteG]

coo, i'm back right where you are 

but I will not allow anything less than 9ema 

good luck to u 2, thx

[AA]

Good support @ 1.61

Long @ 1.64 - 10k

Stop loss - 1.58 @ close

[eliteG]

it violated the 9ema for a short while but I am still in..stop @ 1.65

nice buy LuxAA 

[AA]

1.75!!  Excellent recovery!!

Cool , very cool! 

[setravis]

Good pick.All indicators have turned north,volume is building.
Good earnings report a + for the stock.
support @ 1.74.....resistance @ 2.04
If it can break above the 2.00 area and hold it there may be
better things to come.
I have placed this on watch.
Good luck with your trade.I applaud you.

http://stockcharts.com/def/servlet/SC.web?c=gigm

[puenthouse]

HEll, I went ahead and bought this possible for the long- who knows.  I like it. tje word on the street is too optimistic tlaking about it hitting 10.  I do not think that is the case, but in time I see a target price b/w 5-7

[David Randolph]

This seems like an excellent pick Michael. It was on my 18 stocks short list, but I got a bit discouraged knowing it was a Taiwanese company. Now I find it is a global company.

I wish it goes a lot higher, nice research, thank you ! I may even consider buying it if I sell some stocks, unfortunately today I'll reach my limit of 15 different holdings.

[setravis]

It just may be in play today, it is up in pre-market...........

GigaMedia has rallied after posting first profitable year. "Good Earnings"
Nice Pick....I too will watch today with great interest.
Good luck with your trade.

[AA]

Beautiful!!