SIGM STOCK CHART (Moment Of Truth)

I tried to find news on why it dropped on huge volumes but was not able to. Any ideas?

The shorts are in complete control of this stock. Even after last weekends excellent news about Blue-Ray the stock got slaughtered for no good reason. Either there is something out there we aren’t being told right now, or this is stock is in the hands of the shorts and being manipulated.

I added shares on Friday at $36, and am currently a trapped long looking to get the heck out above $45. All I know is this is the most volitile stock I have ever owned and it is probably a great one for traders, but definitely not for investors!

Down another 10% this morning!

I have to say that I will never follow this site again. I started following SIGM after first reading about it hear. Worst investment I have ever made by far!

Hey EK. Todays sell off was because of expiring options. Todays sell off was a great buy. It went down on news that was not bad at all. Here is the link. http://biz.yahoo.com/bw/080225/20080225005586.html?.v=1

I hope you keep following the site in the future once SIGM recovers and your happy again. As I type this it it making a new daily high

Brett - Yeah, I overracted and I appologize for that. However, todays and Fridays selloff was due in part because of the options but also because of Roth’s remarks that Q1 won’t be as good as anticipated. They cut their target by 31% today but it still represents 81% upside from her ($58).

I have never seen such a crazy stock such as SIGM. The volotility is just nuts. At this point I am trapped with an average cost around $45.

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Down she goes again. What gives with this stock? This is no longer a reaction to the options. And it is hard to imagine the shorts being able to drag it down this much, this fast. Something just doesn’t feel right, but at this point it makes no sense to sell.

$30?! It is now at $30!

I added more today even though it is against everything I stand for. But at these levels it is hard to believe there is a whole bunch more risk. I guess we could see $25, but at this point who cares. There are a ton of trapped longs now in this stock. It will take an upward move of 50% just to get back to where we were on February 14th!! And there has been NO NEWS to cause this!!!!!

that is all.

Hmm, this seems kind of shaky in my opinion. I gotta check wizetrade on this one.

This stock doesn’t seem to be going anywhere for a year.

“This stock doesn’t seem to be going anywhere for a year.”

Care to elaborate…or is that the extent of your analysis???

Nice articles! I’ve been to this site a few times already, if you guys are interested in exchanging links let me know.

My blog is at: http://hedgeagainstspeculation.blogspot.com

Hey Brett - Any updated analysis on SIGM? At this point I am holde since selling at these levels seems a bit ridiculous. I still can’t for the life of me figure out what has happened. Even the announcement of a stock buyback was met with a 10% sell-off! What gives?

Recession? Media is a powerful tool. The world markets should not be hit so heavily by what the non-ignorant have learned in the recent years, and especially over the history of the United States of America, how powerful an influence the dwindling-recession ridden country, which functions fine, for middle-class media consumers’ concerns, has on the stock market.

Maybe I am at fault for investing in ADR’s and not buying foreign stock but market manipulation, not “investor panicking” plagues retails investors’ minds. How can this amazing company go down? How could Apple, the future of computers, stock go down so much? To make sure you guys know I am at least partially right, I will assert that Apple is going to go down further, with the market, $100, maybe even $80.

i am a tool.

Someone out there has a lame sense of humor.

hey brett, e.k.

i’ve known brett for a little (brett–it’s Dumbest Money from AIM) and i am curious to see how much of your port. you put in SIGM.

honestly, i was going to buy at $40, but saw it breaking below it’s 200SMA (on daily chart) and breaking lower out of a desending triangle in middish-Feb.

been watching it go down… would’ve been a hell ova short and some of the setups were blantantly there.

sorry to hear about your losses nonetheless, you too E.K., hope you’re portfolio isnt too heavy in SIGM.

my personal opinion at the moment on SIGM is — I think Blu-Ray is the next thing, but who knows? I’m not a fundamentalists but technically speaking on the longer term chart you can see some support at $23-20ish range. weekly support of 200SMA is $20ish, too.

but, imo, cut losers and free up the capital asap for other possible opportunities.

or atleast take some of the position off at designated stop losses.

goodluck guys,
dan.

hey brett, e.k.

i’ve known brett for a little (brett–it’s Dumbest Money from AIM) and i am curious to see how much of your port. you put in SIGM.

honestly, i was going to buy at $40, but saw it breaking below it’s 200SMA (on daily chart) and breaking lower out of a desending triangle in middish-Feb.

been watching it go down… would’ve been a hell ova short and some of the setups were blantantly there.

sorry to hear about your losses nonetheless, you too E.K., hope you’re portfolio isnt too heavy in SIGM.

my personal opinion at the moment on SIGM is — I think Blu-Ray is the next thing, but who knows? I’m not a fundamentalists but technically speaking on the longer term chart you can see some support at $23-20ish range. weekly support of 200SMA is $20ish, too.

but, imo, cut losers and free up the capital asap for other possible opportunities.

or atleast take some of the position off at designated stop losses.

goodluck guys,
dan.

by the way, check out that volume, whew.

Thanks for the post Dan. I only have 300 shares of SIGM left after selling a lot at $46. I am definitely wishing I had sold it all though. At this point I am going to ride it out long term and see how it plays out. A year from now I think it will be back above $40.

no problem E.K., hope it helped, best of luck!

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SIGM - yes a good short. Another opportunity now present to short on a breakdown of the 20.00 level. For similar stocks to short such as this, have a look at http://www.sharesmadeeasy.com

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