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

Melf Elf · May 24, 2006, 07:17:27 PM

Quote from: Michael on May 23, 2006, 07:22:05 AM
Hi Oliver,

GIGM was sold yesterday at 8.00 according to the trading plan. It is really sad to let such a great company go but preservation of wealth have to take priority especially in a bearish market like this.

Mike,

Applause for your outstanding gain in GIGM.

This has been a very difficult market, and I know that it wasn't easy for you to let go of this play, but you're up against "performance numbers," and I think that you were wise to recognize that unfortunate reality.

Great job!

SmartWrasse · May 26, 2006, 01:53:10 PM

Seems it is the right move by 3SOF to lock in gains on this pick. I am planning to hold a bit longer. We now see that GIGM was quite vulnerable to a market down turn.

Now that I think the market is going even lower, I expect additional pressure on GIGM. Maybe the company can provide some insight on future earnings

cream · May 31, 2006, 09:29:24 AM

I too am holding for the long term. The macroenvironment is not negative enough for me to sell here.

SmartWrasse · June 05, 2006, 11:05:03 AM

Party on Garth! Up nicely on volume

jorgegr · June 05, 2006, 11:43:48 AM

YEP... we might start caching some of the fish we were waiting for
on this one.

jorgegr

vic666 · June 05, 2006, 01:25:53 PM

time to buy again

bought a few shares a short time back.

la-onda · June 13, 2006, 10:47:37 AM

down below 7.00$ now, any opinions except of very bad market situation

Melf Elf · June 13, 2006, 10:54:52 AM

Just one example of how brutal this market has been. Whoda thunk that GIGM would be down 37% a month later, after those good earnings on May 11?

Yikes.

snowcat · June 13, 2006, 11:15:24 AM

DO NOT buy anything until this market shows signs of recovery.

there is sure to be a bounce, but stay put until everything clears up.

the stock is good, but it can go lower.

SmartWrasse · June 13, 2006, 11:21:45 AM

Agree with Snowcat. This is shorting season. Do not celebrate any paper gains either

Asian markets have been crashing along with the US selling now.

la-onda · June 13, 2006, 01:05:32 PM

coming back from day low 6.68$

SmartWrasse · June 13, 2006, 01:16:51 PM

Yea. Good luck to those of us still holdin some GIGM. From looking at the chart, it seems the bottom should be above 6.00 even with another bad month in the market. GIGM may not give us any news for 6 or 8 more weeks

I would guess the US stock market will bounce up at some point. Hopefully it will give us a W formation or something we can recognize and feel good about this summer.

Terliso · June 13, 2006, 01:39:56 PM

GIGM is currently showing a bearish MACD cross on the weekly chart & bIG ugly candlesticks..... I think GIGM will slide down @ $5.

American Indices is swimming in RED sea

SmartWrasse · June 13, 2006, 09:33:29 PM

After today, 5 looks easy

Why did anyone buy this stock

and will they ever make any money at all

just kidding

Melf Elf · June 15, 2006, 03:52:06 PM

Quote from: Melf Elf on June 13, 2006, 10:54:52 AM
Just one example of how brutal this market has been. Whoda thunk that GIGM would be down 37% a month later, after those good earnings on May 11?

Yikes.

The final tally from May 11 earnings to yesterday's low was a loss of 42.67%.

Today's 200 point rally in the Dow, from the standpoint of that kind of whacking and oversold condition, certainly is understandable.

GIGM has got a chance of bottom here basis this pattern on the 10-minute chart. If GIGM can take out 7.08-7.12, the late May Bearish Rising Wedge lows of 7.85-7.91 would be IN PLAY.

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