barak.eisenstein
Long

GIGM CEO bought $1M worth of share in Dec

BATS:GIGM   GIGAMEDIA LTD
149 2 0
-Strong insider sentiment
-Double bottom + channel breakout
-DMI indicating the breakout is strong enough to climb up
Old high flyer. I was looking at GIGM yesterday. Nice long base setting in the charts. Company seems to be turning things around. When I start to see options being purchased, I'll know it's time to get in.
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Thanks for your comments JR, it's actually technically even better if it will rest on the $1.05 level before jumping higher, i'm in as even the book value represents solid R/R ratio for this play.
p.s, YHOO, just broke down the bullish channel and under 50 days EMA
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