SIGM Stock Chart (Blu-Ray Play)
By Brett Goldstein on Feb 18, 2008
I know that I have posted this stock a few times. But I think this is a great play at the price. The stock is massively shorted right now at 25% of its float. If there next earnings are as stellar as there previous one then this stock is going to fly.(hopefully) I see $35 as a bottom that may get retested again before $50 is taken out. Well with Blu-Ray becoming the next great thing, I want to buy more with a sale like this.
14 Responses to “SIGM Stock Chart (Blu-Ray Play)”
forgot to add that I grabbed some April 45 calls once at close Monday when it was trading at around 40.50
not Monday, Tuesday!
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Well, SIGM got destroyed today on no news once again. Any idea why this stock is so volitile? You’d think with all the good blue-ray news out that it would be going in the opposite direction. I added today under $36 as it seems to good to be true….for now. They’d better not release any bad news next week or they will get sued like crazy…..especially after insiders were dumping shares recently!
I shorted SIGM two days ago and am up 17%. Based on a brief at bigwavetrading.com I did not cover today and think that we have some more selling coming up. The charts say it all: it broke the 200 day moving average without ever making back up to the 50 dma…have a look at IBD’s CANSLIM system and you’ll see what’s coming.
good luck all.
Yeah, SIGM got crushed today. Not happy about it but I did say that it may retest $35 and look where it closed. Lets hope there is no more downside.
Not sure I want to be trading a stock on “hope” though.
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I agree with the chart and so does wizetrade. I put in a pick, but I know it probably won’t go anywhere for 6-9 months.
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SIGM - now offers an opportunity to sell short if it breaks the 20.00 level. For similar stocks such as this, have a look at http://www.sharesmadeeasy.com
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unfortunate timing on this recommendation. I am sure it will pan out in time but still…