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Opinion on  GigaMedia Ltd (GIGM)     Sector: Technology  >  Industry: Computer Services
Sold balance of Gigamedia Ltd (GIGM) position

Jan 29, 2007 05:16 AM GMT
Return Risk
+7.62% HIGH
Tracked Blogger

Fundamental Analysis  
Via swingtrading.catspeaker.com:  

I was expecting Gigamedia Ltd (GIGM) to punch through current level resistance by now. I now wonder if it it would be better to sell than hold. So, to protect my profits, I sold the balance of my position today. I can always buy it back if it continues to rally, possibly on a pull back if it gaps open Monday. I don't expect that to happen though. Time will tell if this was a prudent decision or not.

This is a tracking account  [?]   SocialPicks is not affiliated with swingtrading. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by swingtrading

GIGM:  This call was made on 01/29/07 @ $11.07
Rating:   Positive   $11.07 (01/29/07)
Closed:   07/24/2007 @ $12.41 (+12.10% in 176 days)


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