I've been holding GIGM since late last year. I probably jumped the gun, selling at 7.40, but I went ahead and sold the remainder of my position today on this afternoon's pop.
I think we see a pullback now to 5.50 - 5.75. As low as 4.00 is not out of the realm of possibility. So I suspect you were not early, but right on the money!
check that, today looks like it was a major reversal day with high volume. On the other hand, the high volume came during rising prices, so that's likely bullish.
The chart now looks like a pullback to 6.30 - 6.35 is likely, and possibly to as low as 5.60 - 5.70.
Good one, Melf!
ReplyDeleteI think we see a pullback now to 5.50 - 5.75. As low as 4.00 is not out of the realm of possibility. So I suspect you were not early, but right on the money!
Thanks, Greg. The general market has been looking so tenuous, I decided to go ahead and cash it in. We'll see how it plays out.
ReplyDeletecheck that, today looks like it was a major reversal day with high volume. On the other hand, the high volume came during rising prices, so that's likely bullish.
ReplyDeleteThe chart now looks like a pullback to 6.30 - 6.35 is likely, and possibly to as low as 5.60 - 5.70.
Greg,
ReplyDeleteYes, the volume was good on Wednesday. I bought back 2,500 shares yesterday, at 7.035. Mental stop: 6.36.