This is a 'magic formula' stock.
I have fair value somewhere between $7 - $10 /share.
Now touching its 50 day MA. I just bought a small amount for a long term hold. I think I know this is a good value name so I can hold on if it drops another buck on me. That's important. When I buy spec. names I don't understand -- I tend to panic out.
GIGM I'm familiar with. I like it under 5. In fact, I like it a lot. I'll double up my small position on further weakness.
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