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GigaMedia (GIGM-nasdaq)

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Posts: 14
 
Legend
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Joined: Dec, 2001
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Posted: #1
asian online gambling and gaming company GigaMedia (GIGM-nasdaq) is back down to around it's march lows in the low $4 area. the company is profitable, has NO exposure to the US market and has an online video game play operation in addition to it's gambling ops.
 
definately looks undervalued here although it continue lower with the market IF we have a correction.
 
just bought 2500 @ $4.36 in the IRA for a hold and will add on any further dip. this was a $7 dollar stock off a similar low back in april and was a $25 stock in november of 2007.
 
 
Captain
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Posted: #2
Will jump in with you on this one...small play.
 
current bid is 4.37
 
 
Legend
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Posted: #3
guess I should have also advised that they HAVE had a spat of insider selling the last year BUT there can be oodles of reason for that besides "I'm scared my stocks gonna tank" and COULD be one reason it's down here.
 
 
from just a technical view, it looks oversold with the last week being a possable washout.
 
Captain
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Joined: Apr, 2002
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Posted: #4
Looks really tempting at this level. I may try and pick up some tomorrow.
 
Captain
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Posted: #5
LRR - what's your rough exit point?
 
Legend
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Posted: #6
LRR - what's your rough exit point?
 
up or down?
 
on the downside, IF it broke below $4 on any volume I would think there was something seriously wrong and I might rethink the position.
 
as for the upside, it's been trading in a range between $4 and $7, with a spike down to $2.64 during the panic last november. so I would say initial upside of $6+ for a short term trade BUT it was a $20+ stock two years ago so longer term I could see it back in double figures.
 
really a "buy and hold" for me on a very small position.
 
Captain
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Posted: #7
Quote Originally Posted by LeRinkRat:

LRR - what's your rough exit point?
 
up or down?
 
on the downside, IF it broke below $4 on any volume I would think there was something seriously wrong and I might rethink the position.
 
as for the upside, it's been trading in a range between $4 and $7, with a spike down to $2.64 during the panic last november. so I would say initial upside of $6+ for a short term trade BUT it was a $20+ stock two years ago so longer term I could see it back in double figures.
 
really a "buy and hold" for me on a very small position.

 - Wow...ok...I'll file this one away then. I was getting all excited seeing it up .19 today lol

 

 
Legend
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Posted: #8
pretty nice move tuesday with the other gamers. closed @ 4.67 +0.26 on it's high for the day.
 
Captain
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Joined: Apr, 2002
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Posted: #9
I missed getting an order filled at 8.50 by pennies yesterday. Looks like I'll have to step up the order to try and ride this one up.
 
Veteran
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Joined: Apr, 2000
Posts: 3221
Posted: #10
china stocks scare me-but looks like it might be ok for a small play
 
Legend
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Joined: Dec, 2001
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Posted: #11
Oh!!! I'm glad you APPROVE, rubberneck
 
slight pause thursday. could see some retracement on a down day. that would just be a chance to enter or add. btw, it's not some ChiCom stock, it's Tiawan based.
 
Legend
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Posted: #12
stock has fallen asleep. almost NO volume so I sold at 4.70. will take a chance at buying it back lower.
 
(probably a buy signal)
 
Legend
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Posted: #13
(probably a buy signal)
 
and right back up to 4.85 + 0.12 tuesday on better volume
 
(happens every time)
 
 
Legend
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Joined: Dec, 2001
Posts: 85256
Posted: #14
looks like it's trying to go for a run again. had a spike move 9-16 on volume then has traded in a 5.25 to 5.50 range the next few days. now 5.60 going into the last hour monday 9-21.
 
considering it started off today wiht a snap sell to 5.20, could see a day trader dump late BUT if it holds above that 5.50, it could headed north of $6.
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