Monday, July 23, 2007

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:

Another Brian said...

Hi Wood;
Why did this gap down in May? that seemed to be the catalyst to lower prices.