Similar chart pattern for GIMO every day. Traders sell early on low volume, only to come back at or near the high of the day. This tells me the short term traders may be buying, in anticipation of a firm offer/acceptance. When they don't see the announcement the following day in a news release, they sell right away. If this is correct, it's not a very sound strategy, because it's a very myopic view. The hedge fund that has an offer in place for GIMO could make an announcement any day now.
Made a nice reversal today, unfortunately its very light volume. Patiently waiting for a bid price is killing me.
Given the offer on the table (granted we don't know the price), I can't understand why this is under pressure since the offer, and the analyst's weigh in on possible M&A.
So, Elliot more than likely puts in a low ball offer to shake the trees and rustle up interest from bigger fish. Odd that no financial terms were offered yet
Volume drying up...running out of shares to steal.
I hope Elliot's Evergreen Capital takes a large position in NTNX, like they did with $GIMO.
.Market Maker is accumulating for bigger player...watch at end of day 16:01 Trying to shake shares out of weak hands either to cover a short or accumulate to take advantage of buy-out
Gigamon: Take-Out By a ‘Strategic’ Buyer Could be $55 to $60, Says Needham
With a report by Reuters that private equity shop Elliott Management is interested in buying test equipment maker Gigamon, Needham & Co.'s Alex Henderson speculates that a take out of the company by a strategic buyer such as Oracle could be worth as
another 248k at 4;03 accumulated
Let's go Elliott/GIMO, let's pull the trigger!
what just happened???
this will happen now out of no where, it will sound dead for a while then boom......sold! i still believe Gimo can get 75-80 after next CC, would love to see them do it on their own but the time might be here...thought they could be 80-100 when they were 61 and climbing
8/30/2017..Needham & Company analyst, Alex Henderson, reiterated his Buy rating on shares of Gigamon (NYSE: GIMO) after meeting with management and coming away with the sense that management is more confident as the HC-3 launch is being well received by major customers and the AWS launch has over 150 deals in the pipeline.
See u guys in the $38's
When will the buyout offer come ??
Anyone here about the sale ? Or buyout offers ?? Thinking of dumping this , stock hasn't moved much since reporting great earnings !!
NO VOLUME Even after CC it barely hit average volume. Volume has been terrible for at least a month. Technically, 50 and 200 dma getting closer together. As stock as remained above the 20dma, upper bollinger band keeps rising, about ready to cross 200 dma. All other indicators (RSI, Sto's and MACD) hanging at middle of ranges.
Almost all analysts(10) have raise numbers for this quarter, next quarter, this year and next year. Yet the stock has not moved
Nibbling at more shares. Either Elliot push on take over, or strong q3 rev turn around. Either way, the next few months look strong post CC.
The stock does not budge at all.What happened to all the elliot activist BS?