an activist hedge fund with a 15% stake is serious business, why would you be out of stock at all right now? i would be adding and hoping for 75-100 SP sale... fool to be out at all right now
I would not want to be short GIMO going into any given weekend. One of these "Merger Mondays" and it will be, "Gigamon has been acquired by...."
Harry Boxer has posted his Charts of the Day video on GIMO at TheTechTrader site noting: Gigamon Inc. (GIMO), which was looking pretty dire, had a good day on Monday. It was one of our favorites last year when it ran from 20, all the way up to 60, but then it cracked. If formed a long wedge and cracked again, holding near support around 30, and then last week it moved up sharply. On Monday, it popped another 6.20, or 18%, to 41.20, on 5.3 million shares traded. So, basically, it moved from 30-30 1/2 all the way up to 41.90 in a week. Even though there is resistance ahead, I think the momentum could carry this into the high 40’s. There may be an entry opportunity perhaps on a pullback. It has 3.9 days to cover.
The May 35 calls I sold the other day are hurting me now. Any idea as to the reasons behind a strong run today?
GIMO / Gigamon Inc. - Institutional Ownership - Fintel.io
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this stock could be 75-100 over night with sale etc or hype
Hedge fund activist Paul Singer just found his next target
Gigamon, which makes software to manage traffic online, surged Monday morning following a filing by Paul Singer's fund Elliott.
Is it time to make a move on GIMO? It certainly looks like it based on a todays performance of -3.00%. Ive been struggling with this stock lately. Some of my other trades have been from awesomesto-cks which are working out pretty well.
Don't understand why this is falling again so much...
Looking Up Upgrade Yesterday:
4/20/17 Stifel Nicolaus Upgrades Buy $42
I can't believe this is going down. Buying time.
I think they really sucked during the conference call.... AH price reflects that.... Back to 32.
whats happening here?
This is a sleeper. Someday soon it will launch.
May 19 Call Options look good; Tuesdays 3,000,000 shares traded is strong; and from Zacks "the stock has actually seen estimates rise over the past month for the current fiscal year by about 27.8%" April 27 earnings announcement coming. Looks Gigamon will be a winner.
very bullish , fasten belts. i believe this quarter will be very solid.
MACD goes green, Bullish cross in Stochastic oscillator and RSI stands at 57.58 with positive bias, according to stoxline.