Thursday, October 1, 2009

GIGM @ 4.98

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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