Long Like Donkey Kong: GIGM, SBLK
Feb 26, 2008 Small Cap Stock Picks
GIGM has been a long term favorite of mine that i have traded a few times in the past. I like the way this chart is setting up and think we could capitalize on a move as we head into there earnings call expected march 10th. Price Broke its bullish flag pattern to the upside monday suggesting a continued bullish run. We should expect to see 20.69 horizontal resistance to be broken soon for a further upside move which in turn hopefully snags us a few points! I bought at 20.39 alerted via shout box which is a membership only feature.
technical Analysis :
SBLK caught my eye last week when price broke out of a solid looking chart pattern near 11.50/share and have been watching patiently ever since. i bought only a small 1/4 position here as earnings are going to be released after tuesdays close. Analysts are expecting a forward earnings of 1.38 of SBLK which weighs some significant fundamental under valuation as SBLK’s future fair value within the water transportation industry is around $25/share. Earnings plays are risky and i try to stay away from them the most i can. But i like this setup and SBLK’s valuation. Note: only 1/4 position filled here at 12.18.
technical Analysis :
