Did your analysis of my past postings lead you to believe that my stock analysis is accurate or not? Spend a few minutes to read those posts... I would say that my hit rate is extremely high.
GIGM has value...but you cannot fight the tape if a holder that has 8.2M shares is going to exit its position. The selling pressure from the large holder and the aggressive shorting it will attract ensures that the shares will take a huge step down. Will they recover after all of the selling is done? Sure, but that could be in early 09. Will the shares see under $2 before $4 if there is a seller of 8.2M shs? Probably.
I did and I won't refute your point. You're dead right about the selling pressure. But, if you read my past posts, you'll also see I invest in companies not stocks. And, that I believe the long-term value of this company is worth buying all you can at current prices.
Apologies for the premature attack. Saw your history and limited posts since 2004 and assumed you were a hatchet man.