bzhayes (99.09)

GIGM and insider trading?

August 25, 2010 – Comments (5) | RELATED TICKERS: GIGM

Gigamedia (GIGM) suddenly jumped ~12% this morning (8-25-2010) and finished up 13.3% on the day.  I knew they were reporting quarterly earnings soon, so I figured they announced them and this was market reaction.  I did a little digging and came to find out the earnings report is coming out tomorrow before the market opens.  Come to find out options traders are buying like crazy.  [more]