CC, tell your sister congratulations for holding. If you look at the chart, GIGM is exhibiting a "trend" and not a "spike" in price. There will be inevitable pullbacks on the way up, but their new business model (Online Gaming in China, Hong Kong, Taiwan, Japan, Germany, and France) has made room in the company for a lot of anticipation for revenue growth ahead.
The whole "Mah-Jong" thing is the big news. This asian game is played by over 1 billion chinese, koreans, and japanese. It is their version of our poker/blackjack.
GIGM plans to offer "real money online Mah-Jong" to online players in all those countries. The anticipation of growth for the company in an untapped market for this game, with over 1 billion potential asian and european players is what is fueling GIGM's move.
You see the move it's been making has been on NO news. It's an uptrend on no news. It's moving on anticipation of growth and future business plans.
I don't know how high it will go by the beginning of June, but if you are at all interested in a position....wait for a pullback in the price (whenever that may be). Even in long term uptrends, there are always temporary pullbacks.
I have no price target on it either. I remember what NTES did....a 100 bagger! It moved from 1.80 to $11.00, down to $8.00, up to $18, down to $11 again, and then trended up to $72.00 5 months later. It now sports a $3 billion market cap. And it is predominantly an ISP.
GIGM is also an ISP, but is switching over to an online gaming entertainment company. Online Party Poker over here has been growing exponentially over the past 2-3 years. I expect the same with Online Mah-Jong for the Asian market, only with even more people involved in this untapped market.
200 million internet users in China and 400 million with wireless access on cells/pdas.
That's my 2 cents.
PP
