Can someone please explain SIGM?
- Thread starter andread
- Start date
Hmm, let's see:
P/E = 106
Book Value = $ 1.90
Below 200 and 50 day moving average.
And they're still losing money...all this may not be a reason for this particular drop, but why would anyone invest in a $200 mil cap stock that makes no money anyway?
I just looked on finance.yahoo.com I really have no opinion about it since we don't trade these kind of things.
Don
yes, I've seen that. I assume that this is the reason why it has been going down for months: an overvalued stock being dumped.
Yet, I'm surprised by the intensity of the sudden change. I would expect some fluctuations, but this... no news, no special events, nothing. Is it normal? Could it also go up like that for no reason?
Sorry for the newbie's questions
Thanks for the answerQuote from andread:
yes, I've seen that. I assume that this is the reason why it has been going down for months: an overvalued stock being dumped.
Yet, I'm surprised by the intensity of the sudden change. I would expect some fluctuations, but this... no news, no special events, nothing. Is it normal? Could it also go up like that for no reason?
Sorry for the newbie's questions
It already did 'go up like that for no reason'.
Good eye, thanks. Where were you at $17 pal?
Quote from andread:
Thinking about starting to trade
Don't mind the roughneck.
Best of Luck to you.
DJ MARKET TALK: Sigma Designs Down After Report On Options
--------------------------------------------------------------------------------
Tue Jun 27 15:37:19 2006 EDT
Edited by Paul Vigna
Of DOW JONES NEWSWIRES
(call: 201-938-5172; e-mail: paul.vigna@dowjones.com)
MARKET TALK can be found using N/DJMT
3:37 (Dow Jones) Sigma Designs (SIGM) down 12% after a report yesterday from
shareholder-services firm Glass Lewis suggests the company may have backdated
stock options. "For every fiscal year except one, from fiscal 1995 through
fiscal 2006, most of these executives' options grants were favorably timed,"
the report says. Executives who received the favorably timed options include
Chairman Thinh Tran as well as other current management. "In the four most
recent fiscal years, the company failed on numerous occasions to disclose
questionably timed option grants in a timely fashion." SIGM down 11% at $8.93.
(PJV)
................
(END) Dow Jones Newswires
06-27-06 1537ET
Copyright (c) 2006 Dow Jones & Company, Inc.
--------------------------------------------------------------------------------
Tue Jun 27 15:37:19 2006 EDT
Edited by Paul Vigna
Of DOW JONES NEWSWIRES
(call: 201-938-5172; e-mail: paul.vigna@dowjones.com)
MARKET TALK can be found using N/DJMT
3:37 (Dow Jones) Sigma Designs (SIGM) down 12% after a report yesterday from
shareholder-services firm Glass Lewis suggests the company may have backdated
stock options. "For every fiscal year except one, from fiscal 1995 through
fiscal 2006, most of these executives' options grants were favorably timed,"
the report says. Executives who received the favorably timed options include
Chairman Thinh Tran as well as other current management. "In the four most
recent fiscal years, the company failed on numerous occasions to disclose
questionably timed option grants in a timely fashion." SIGM down 11% at $8.93.
(PJV)
................
(END) Dow Jones Newswires
06-27-06 1537ET
Copyright (c) 2006 Dow Jones & Company, Inc.
would you kindly follow the link for your case of SIGM, please?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=72080&perpage=6&pagenumber=3