melante

Gigamedia Runs on Momentum - But May Fall on Reality

Tuesday big rally was enhanced by 2 factors: the overall market rebound and expectations for the call. Don't forget GIGM was down ways too much in the last week. Obviously there will be some assessment now but the stock is poised for big growth as it keeps beating estimates (and several analysts predict a target around 27) so fixing a target at 16 as you are suggesting, seems completely unrealistic especially since you are not providing any supporting data to such a statement. Check the fundamentals next time.