GIGM Reaches 200 Day Moving Average
Holy moly will any of you out there please buy some GIGM? This is a winner of a company with a .52 PEG, 14.5 forward PE, and growing earnings at 40%.
It is now approaching its 200 day average. I have a full position in it, and am losing money hand over fist. I am willing to give it some wiggle room at these levels, but can't take much more pain.
This is about as "safe" an entry as I think one can find, if one doesn't mind trying to catch a falling knife.
1 comment:
Hi Wood;
Why did this gap down in May? that seemed to be the catalyst to lower prices.
Brian
tsxtrends.blogspot.com
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