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

[la-onda]

updated charts:

[la-onda]

GIGM: Short Interest DN 65.6% to 12.0K in Nov 2005
Friday , November 25, 2005 13:18 ET

According to new short interest data from NASDAQ, short interest for GigaMedia Limited (NasdaqNM: GIGM) DECREASED 65.6% to 12,014 shares for the month ended mid-November, 2005.

SYMBOL     OCTOBER        NOVEMBER      CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
GIGM              34,919          12,014         -22,905       -65.59%           1

Based on GIGM's 20-day average daily share volume of 737,178, it would require approximately 1 day(s) of buying to cover this short interest.

updated chart:

[rickjust]

hi,
like the looks of gigm , i think it would have posted a bullish engulfing pattern if it wasn't a short day on friday. this might have chance of breaking out above 2.79 with some more volume . profitable quater with a new aquistion coming. might be worth a trading plan.
maxi

[vic666]

nice volume to get the day started on this one...thinking about getting in...i noticed from earlier posts that $3.79 is like the real resistance...lots of upside after that??

any thoughts old-timers, on this one??

thanks! 

[la-onda]

Looking forward based on Q4 outlook 

updated chart:

[la-onda]

consolidation around 2.5$ 
cc statement quotation from my link posted before:


"Fourth, strategic acquisitions. The management team is currently conducting due diligence in respect of a very interesting acquisition opportunity in the online entertainment sector. If successful, management believes the acquisition will accelerate top and bottomline growth in the short term and create significant long-term opportunities. We are excited about the opportunity and hope to announce a definitive deal within a few weeks."

links:
http://139.142.147.218/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&idx_sym=&sb=gigm&cn=us&size=1&ind2=-3&inm2=-1&ty=2&sca=1&chk_mov=on&mov1=10&mov2=20&mov3=50&chk_boll=on&boll=20&lin=0&chk_vol=on&chk_obv=on&chk_rsi=on&rsi=8&chk_sto=on&sto1=15&sto2=5&sto3=5&wil=12&chk_macd=on&macd1=12&macd2=25&macd3=9&roc1=16&roc2=8&chk_mfi=on&mfi=14&chk_rsc=on&rsc_sym=INX&ref_rate=180

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

[rickjust]

hi,
looks good . seems to be holding at 2.50 and gradually climbing . wondering if you think there will be some reteacement before any more move up.?
volume is ok but i would like to see more interest in this stock.
it didn't come back to close the gap it made after earnings so this move could be for real! wouldn't that be something,
here is a chart
maxi
good luck

[la-onda]

will it be enough for the 2nd ord 3rd pace of the contest 
lol

cheers
Oliver

updated chart:

[David Randolph]

Today GIGM was caught up on my technical filter (only today?  ) and I've been reading the latest news and quarterly results and the company seems to be truly undervalued.

The first thing that jumped to my attention was the cash level: $55.7M with no debt, and the market cap is just $135.43M.

This means 41% of the stock price, or $1.1, is cash 

On the 3rd quarter in comparison to the same period last year, revenue growth was 44% and net earnings growth was 150%.

You can read full results here: GigaMedia Q3 Net Profit Up 150%: Best-Ever Quarter

Technically the chart is pretty erratic, I can't take any conclusions out of it, just that it has been rising, and that's good enough for me.

This was a previous 3 Stocks on Fire pick and I remember that Michael owns this stock (or at least he used to own), so you know it is fundamentally attractive 

I'll buy GIGM for the 3 Stocks on Fire Portfolio around today's open, 6.66% of capital as always.

[la-onda]

please read GIGM updates:
http://www.3stocksonfire.org/trading/index.php?topic=604.75

more important (a must read ):
Conference Call Transcript:
http://ir.giga.net.tw/Files/2005/11/3Q05Script-final.pdf

GIGM: New 52-Wk High @ $2.830 up 12.75%

Monday , December 05, 2005 11:05 ET

This is the 1st 52 WEEK HIGH alert for GIGM in the past 7 calendar days.

The share price for GigaMedia Limited (NASDAQ NM: GIGM) reached a new 52-week high today, trading at $2.830, up $0.320 (12.75%) from its previous close of $2.510.

The Company's previous 52-week high of $2.790 was set 150 days ago on July 08, 2005.

One year ago, the Company's shares closed at $1.990. The price has climbed more than 42 percent since then.

At the time of this alert, the stock had traded 1,437,900 shares via 510 trades, 90.81% above it's 20day average of 753,560 shares.

This new 52-week high currently puts the stock:

21.85% above its 20day Moving Average of $2.322
40.00% above its 50day Moving Average of $2.021
39.41% above its 100day Moving Average of $2.030

The Company last released news on November 17, 2005:

"GigaMedia Q3 Net Profit Up 150%: Best-Ever Quarter"

GIGAMEDIA LIMITED
GigaMedia Limited is a diversified provider of entertainment services in Taiwan. The company's online/offline business model provides the company multiple distribution channels, deep customer relationships and the ability to meet future market demands as technology drives new media and entertainment industry change.



in @ 2.13$  
cheers
Oliver

[puenthouse]

in at 2.13?  surely that was not this week?

[shawFund]

May be HOMS is a better choice. Very hot!!

[valueseeker]

This is what had me holding my shares:

From the CC transcript:

----------------------
Fourth, strategic acquisitions. The management team is currently conducting due diligence in respect of a very interesting acquisition opportunity in the online entertainment sector. If successful, management believes the acquisition will accelerate top and bottom-line growth in the short term and create significant long-term opportunities. We are excited about the opportunity and hope to announce a definitive deal within a few weeks.

In sum, we are excited and very pleased with our business momentum. We have now recorded six consecutive quarters of net profit, and we are only beginning to see returns on our restructuring and the investments made in our growth platform

[la-onda]

in at 2.13?  surely that was not this week?

just started my investment after the first competition 

[David Randolph]

Thanks for the links la-onda, GIGM looks to be a fantastic pick  (well, for now I'm losing 0.74%, but not worried about it).

Just the fact that 41% of the current market value is cash in the company tells me this stock is way undervalued. If we also consider the existing growth of net earnings (150% from the same period in 2004), the stability of earnings (6 consecutive profitable quarters), the seasonal pick up (the 3rd quarter is seasonally the worst for online gaming, the strong season is yet to come for the new services the company has) and the fact that this is just the start for some of the company's business, we know GIGM has the potential to be a multiple bagger.

Probably the stock is this cheap because, after the tech bubble, everybody thought this was one of those that wouldn't survive, and it takes time to build confidence after this:



But if GIGM is able to take out $3.70, everybody will notice it and then the ski is the limit:



I own GIGM just since yesterday but I feel comfortable enough at this point to say this is already a long term holding of the 3 Stocks on Fire Portfolio.