Good news for Gigamedia: What does it mean?
Note: my hosting service had some issues with my databases and I had to roll back to the backup databases several days old. This is a “reprint” of my last post, so subscribers will be seeing it again.
Frank to Push to Repeal U.S. Online Gambling Ban
In a normal world the news linked above would send a stock like personal holding, Gigamedia (GIGM: 3.20 -0.07 -2.14%) through the roof. In today’s investing world the stock is nothing but down.
I have decided over the last weekend to take some time off from regular writing on this blog. I do not see the point of trying to find regular information about companies and stocks when the current market environment will not reward those companies that can continue to thrive. I read the other day that the stocks of gun manufacturers Smith & Wesson and Ruger are doing well. Big surprise. These companies can’t make a decent profit without it being sued away and the pessimism in the market has everyone thinking that we all need a gun. (Note: I like owning a gun or three.)
I appreciate those of you who have made my writing your regular reading and I plan to resume when the market again so some glimmer of positive belief in the future of the global and national economic systems. If there is not going to be a positive future, there is really no point in discussing it anyway.
Thanks,
Tim
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