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A holding company which through its subsidiaries, develops and licenses online gaming software and provide application services, owns and operates an online games business, and provide broadband Internet access services.
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SmallCapGuru11 (71.05) Submitted: 6/19/07 3:19 PM : Start Price: $14.17 GIGM Score: 12.84
i sold this short at $15.50 and im up already. no, i dont think GIGM is overvalued, but i dont think theres any upside left, perhaps $17 upside, $10 downside. GIGM is a wonderfully run company and could go to $20 i suppose, but i would by here. I expect a retracement to $12 maybe $11.
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MacroAlan (25.24) Submitted: 11/26/07 10:58 AM
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I sold out at $21.20 -- bought back in below $19. If you can stomach the wild swings, there is some money to be made.
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swingtraderspot (< 20) Submitted: 1/06/08 4:46 PM
$10 downside is wishing upon a star!2008 bring out new revenue from a hand full of sources.Hellgate LondonNBA OnlineReal Money Japanese GamesJust for starters.GIGM has a major foothold in EU with Everest Poker 10 year presence. Asia is in the infancy stages and has seen major contributions from FunTown and T2CN. Alliances and new contracts with IAH, Toppig Corporation, MGame, NCSoft and SEGA will turn GIGM to become the first pan Asian online game platform. I doesn't stop there, T2CN is in the process of developing an in-house game development engine. The company plans on spend 3 years and investing up to $10 million in the engine’s development.It is easy to post a nonsense number of a $10 downside but facts about the direction of GIGM is clear especially with management excellent track record since 2003.My bet was made at $9.20 and has paid of very well yet I'm not ready to cash in just yet! Look at what WoW has done for NCTY then look at the potential GIGM has from several of its established and up and coming revenue sources.I'm all in on this one!
lovemunny (41.88) Submitted: 7/03/08 3:26 PM
it's funny to read a comment like yours swingtraderspot in retrospect. GIGM is officially at the 10 mark, and smallcapguru11 hit it on the nose. Who cares if it was luck or skill or a combination as we could only speculate at this juncture. Will the story play out that GIGM rises back to 20, a 100% gain from here, within the next 12 months? Let's see!
twelveisdead (45.82) Submitted: 10/02/08 10:59 PM
i'm just posting to make everyone who bought this stock feel better... i got 1400 shares at a basis of $16... and at the end of the day.. i firmly believe that if the only thing you are worried about is the price of a stock or how much you lost... just remember life could be ten times worse... like, you could have AIDS, cancer, a sick child, or even be canadian... i mean well ... you catch my drift
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