#RAGETRADE – Bought GIG (x2)
Sneaky Falcon Enterprises, LLC has purchased 700 shares of GigPeak Inc (Ticker NYSEMKT:GIG).
For the original recommendation presentation, see: “Greed is Good. Higher Risk = Higher Returns” Presentation.
The 700 shares were bought in two lots. The first purchase was for 345 shares on 4/14 at a price of $2.94, and the second purchase was for 355 shares on 4/20 for $2.75. In total, the cost basis was $1,991 (with commissions).
Executing on our strategy to buy before and after GigPeak’s earnings release, two lots of shares totaling to a two thousand dollar investment were purchased.
Despite another quarter of revenue growth and hitting analyst estimates, GIG saw a sell off after the announcement. The Sneaky Falcon team promptly used this as an opportunity to increase our exposure at a discount.
This is a company poised for continual growth both organically and through further acquisitions, and we are primed to take advantage of the upside.
Visit our portfolio page to see all of our past and present holdings.