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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]
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