I would really like to know how a stock can lose 21% in 2 days without a reason. Is it market manipulation? Institutions dumping the stock? Just a bearish market? Any explanation appreciated. Thanks
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 answer
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.
Ah, so I did miss something. So I guess the free news sources I look at are not really the best. Fair enough, they are free. In some time I'll have to start looking at a good service. Thanks a lot
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