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Watching today's action, I'm definitely not gonna be a buyer of any more GIG until the $1.50 or so range. Very hated stock right now.
I've been in this thing since the Lumera days. Always had a handful of those old shares after the mega RS. GIG started to interest me again last summer when it appeared they were finally starting to turn the corner.
I think long term it's gonna pan out. This short term action seems irrational, but if it drops back to the $1.70 level I won't be surprised. This morning, the market looks poised for a little relief rally. Won't be surprised if GIG is down as it often seems to move in the opposite direction of the market. Guess we'll see.
GIG, like many others has been beaten up. Now you can understand why I am trading it, rather than investing in it. Investing will probably be a good idea at the right time but a $3.25 target that you have for now is not attainable imo, just to much resistance. This might consolidate for some time prior to making a move.
There seems to be serious pressure on it for now like others out there. I'll look to get back in when the time is right.
Like I said earlier, you have your style and I mine. There are many good companies getting pounded right now. This one is at some point an investment, but for now a trade.
I find this price pounding very strange and far from justified based on recent data which, imo, was quite good.
I suspect GIG was 'targeted' by some wall street interests and ten it just accelerated in the back drop of a scary market.
Curious what your thoughts are on GIG's share price in the days ahead, given your assessment of this very surprising share price weakness.
Added more today as well. Ticked at myself I didn't sell before earnings release, but then who saw this pounding coming?
I have found that with most legit stocks, Ihub is not the place. Most here are penny stocks and scams.
I plan on adding more in the next few days myself. #GIG
Good post. Thanks.
Yes, I added this morning on a good price.
It will soon run bak when the market quiets down a bit, I suspect.
GIG then should be able to run to 3.25 or so, I suspect.
Exactly.
It's all apart of the crappy, crooked, manipulative greedy game they play.
The good thing is that GIG is solid and these same forces will be running it back up and GIG shows it can move quickly given it's beta, etc.
I added more today.
Just shocked nobody is here with all the positives. #GIG
CRAP....CRAP....CRAP...:) How's that??? Yea never been a lot of talking on Ihub for this stock. I got it from a screener I ran a year ago. I expect this to run back above $3.00 in the next two weeks. Earnings were too good.
This board is like watching paint dry. Nobody says crap. #GIG
I feel good about my add today. Positive Outlook, Strong Buy Recommendation, and a Analyst Consensus Average Price Target of $4.21 according to Etrade. It sure seems this is undervalued imo. #GIG
doesn't matter about today... it is about 1 week, 1 month, 1 year. This stock is a steal at $2.44. It just hit $3.50 last week, came out with good earnings and tanks. Games?? Of course, and this will rebound in the next 1-2 weeks and be back at $3.50 IMO
I wonder how high this goes today? #GIG
I am strongly considering getting in today. #GIG
$GIG ~ $2.55 up 5.37% .13 after hours. Looks like they will gap up at the open.
Off base? Your post is spot on. MM's helped run this to $3.50, shorted a ton and drop it to $2.02. They covered and loaded back up.
There's no debate that GIG is a quality company with obvious strong fundamentals. I'm not cutting it down at all. I've just been trading it since one of the best traders I know, (kajulie) brought it to my attention sometime ago.
You have your style and I, mine. Just a trader. My couple thousand shares that filled at the dma 200 today ($2.12) won't hold it up, I assure you. I did try to get more below that but the algo's were just too fast. If it breaks $2.52 with solid volume I will raise my average and add as well.
The attack today was unwarranted and probably just shorts stealing stops after a stellar Q, but now there is plenty of resistance above. $3.00 bucks this week could be a stretch but I would luv to see it.
Many people that were fortunate enough to be watching today were either able to buy in or add to their position and I wish you and all the best.
Exactly.
Sure looks like the market makers took out some stop loss orders and are now playing games while the dust settles. Stop loss orders are too often a fools tool by the poor old retail shareholder, as it just sets them up not to be protected, but basically screwed by the market maker biding their inventory with cheap shares
AND I must say that imo, there is so much 'rigging' and controlling of prices while market makers 'play ball' with their mutual fund and etf portfolio managers eager to put GIG into their portfolio.
Some might think this post off base, but the old boys network is at work where market makers are playing ball with their institutional cronies, who bring a lot of business and profit their way.
As I posted earlier, I'm strongly suggesting we'll have some nice percentage share price gains any day now. Sadly, this wall street 'game' is terribly and sadly controlled and 'rigged'.
I agree with your post, not because I'm long like you,but because i truly believe we have a quality stock here going much higher and one that will recover very quickly from this brief downdraft in the share price.
With the market showing signs of settling down, look for the mutual/etf portfolio managers to be increasing their buying now.
2 good posts and I agree wholeheartedly. This is no spec stock, this is the real deal that will be a leader in ioT. Major overreaction but smart money is buying. Wouldn't be surprised to see close to $2.80 going into the close if the markets stabilize a bit and agree this will be back above $3 very quickly.
As a longtime investor, my take is different and I always take advantage of these kind of downdraft days. Just look at today's trading as GIG quickly is bought at these bargain prices and frankly, as I've suggested, expect to easily see GIG back above 3.00 this week.
This is no speculative stock`, but a high quality low priced stock and company.
Dislosure: I am long and will buy more on the close.
Very smart move to be a buyer.
This is a huge over reaction and market makers playing games to increase their inventories at sale prices.
I wouldn't be surprised to easily see GIG back over 3.00 very, very quickly, probably this week.
It's just a nasty, scary market that breeds a lot of indiscriminate selling.
Not one analyst lowered their BUY to OUTPERFORM ratings.
These are the kind of days a smart investor takes advantage of and does some buying, especially for a terribly quality stock like GIG.
wow. Could you be anymore wrong. There are not enough people on this board to scare anyone into selling. Look at institutional ownership. This is at 40% and after today will be greater. Big boys buying into this stock not selling.
it is so weird that a ton of stocks that I have seen good earnings come out drop like a rock and then steadily make its way back up. No reason GIG should be down 15%
$GIG ~ Analyst ratings after earnings.
http://www.marketbeat.com/stocks/NYSE/GIG/?RegistrationCode=SocialMedia-Twitter
MM's pushed GIG lower after hours yesterday and ran her back up to close at $2.97. Oddly enough, 1300 shares on the buy side this morning knocks her back down to $2.80, go figure.
Premarket and afterhours MM manipulation. Swings from $3.50 to $2.50 and back up again. Shorts are covering lower and loading up on the buy side. Very few shorts remaining here. They will let her go soon enough.
It's doing well even in a declining market. But I'm taking profits along the way. This is one to trade along the way until things settle in and a direction is decided. Jmo.
Positive numbers and guidance.
Temporary price weakness is a buying opp to me.
Thanks. I suspected something like that and should have known that.
$GIG earnings to be reported today @ 5pm. Should report record quarter, record year and positive guidance for 1st qtr 2016. GIG normally runs after earnings so should be interesting close today and open tomorrow.
Actually what I'm seeing shows a high of 3.19.
Yes!
Very interesting the way GIG trades.
It's pretty thin, so that might be a factor and it's clearly a stock under accumulation, so not surprised to see market makers playing with it and buyers rushing in.
I wouldn't be surprised to see it well in the green today.
Perhaps there's some positive news pending as soon as the down market quiets down.
Too funny. 500 shares sold pops GIG up to $3.50 and 1800 shares bought knocks her to $3.00. Go figure. MM manipulation at it's finest.
$GIG ~ Am I seeing this correctly? GIG up .49 premarket to $3.50 with the markets set to get crushed today : )GLTA
As so many have said, GIG is a superb 'merging' stock with impressive fundamentals, but still not that well known and definitely 'flying under the radar'!
Even when the market has weak days, the charts clearly show a lot of accumulation/buying going on, by smart investors, who have done their homework.
As institutional fund manages,currently about 50%. or so, add to their positions, we'll see high volume and much higher price trading days.
The BUY now at these prices when hose doing their homework' hear that he bells are ringing, for those smart and wise enough to see it.
Don't soon pay $5 or $6. that's silly and it's comforting to know this is no speculative stocks, as well as one ALL the analyst love with universal BUY recommendations.
It's important to point out that this market has been quite destructive to many stocks, but amazing to watch the narrow trading band for GIG and the strength it has shown.
This is always a sign of some getting defensive on market meltdowns, but rushing back in to buy good quality stocks at bargain prices at perceived strategic entry points.
This is clearly the case with GIG.
Take a good look at it.
GIG is definitely a gem investment just itching to go much higher .
Good post.
My experiences over he years, is that one finds some basically un-recognized gems like GIG, as there are just so many stocks out there and then all of a sudden there's an exciting wfrite-up from some major firm, or a pr from the company that goes viral and generates a 'herd instinct' institutional managers rush to buy and get GIG into their portfolios.
IMO, this is going to happen with GIG any day now, technicals clearly show this, and a breakout in the share price and increased stock exposure will eatly propel this company's exposure, accumulation and share price.
Good post.
My experiences over he years, is that one finds some basically un-recognized gems like GIG, as there are just so many stocks out there and then all of a sudden there's an exciting wfrite-up from some major firm, or a pr from the company that goes viral and generates a 'herd instinct' institutional managers rush to buy and get GIG into their portfolios.
IMO, this is going to happen with GIG any day now, technicals clearly show this, and a breakout in the share price and increased stock exposure will eatly propel this company's exposure, accumulation and share price.
$GIG ~ Yes sir, I agree. GIG is flying under the radar now so it's a good time for retail to load before the big boys push this much higher. GIG will be a leader in providing sensors etc. for the internet of things which will have 50 billion devices connected by 2020. We have a ZACKS #1 rating - strong buy. Charts looking great here.
A new high today of $3.45.
This just continues the continuing accumulation of GIG, which has been quietly flying under the radar and clearly under accumulation and going much higher given it's fundamentals, technicals and total BUY rcommendations from the analysts.
A very exciting low priced quality company clearly going much higher.
$GIG'n into BEasTmOde now. Let's close this above 52 week high. It's lonely in here.
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