Replies to post #39 on GigaMedia Limited (GIGM)

[clearcoated]

PP, I emailed IR at CHID

and basically asked the same question. If I get reply, I'll let you know of course.

It's amazing how the big block volume came in first thing this morning and sold it down to .60 and slightly below. Then low volume for a while, and then it walks back up on low volume. Almost like a set-up for another round of heavy volume to take it down again.

It's just perplexing to me at the moment... which is the job of the MM, right ;)

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[clearcoated]

PP, here is email reply I received


Rick,

I know you realize there can be a number of factors that affect the reasons behind why a stock drops in its pps, so this is only one attempt to attribute what the selling pressure can potentially be.

Shortly after CHID announced its Q1 results, one shareholder I spoke with was dissatisfied with the 9.5% revenue growth the company experienced. His perception was that the quarterly growth would be in the 100% plus range.

Perhaps some of the investors who bought into CHID back in late april when it was in the $0.50 range also feel similarly and have gotten out to reassess their investment.

Regards,
Ken AuYeung, Hawk Associates Inc.

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What I see when I watch the trades go through on times & sales data are HUGE blocks being thrown at bid. There has been some speculation on Ihub of what it may be from, and I've included those posts here just for info only:

http://www.investorshub.com/boards/read_msg.asp?message_id=11459766

http://www.investorshub.com/boards/read_msg.asp?message_id=11472221

At this point I'm watching again, having exited at break-even just to be careful.

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[clearcoated]

PP, fyi

talking about a CHID reverse split here to get on AMEX:

http://www.otcbbcoverage.com/stocks/index.php?topic=12.210

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