SIGM no shares available to short

Discussion in 'Stocks' started by scriabinop23, May 28, 2008.

  1. Short interest

    5/15/2008 10,554,494 1,652,514 6.386932

    10,554,494 / ~22,000,000 = 48% short interest
     
    #11     May 28, 2008
  2. In all fairness, we have a float of around 25m-26m shares (31-5m bought back).
     
    #12     May 28, 2008
  3. Short interest is a great contrarian indicator.
     
    #13     May 28, 2008
  4. Bot $20 puts (half the amount vs. calls) for $1.00 as a hedge, feel this stock will have a huge move up but bad earnings or guidance today and we may retest lows. Tomorrow could be a case study in short squeeze (hopefully).
     
    #14     May 29, 2008
  5. The opposite is true.

    http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1104850

    Why Do Short Interest Levels Predict Stock Returns?
    "High levels of short interest predict negative abnormal returns [...] Therefore, our evidence suggests that short sellers act as specialized monitors who generate value-relevant information in the stock market."
     
    #15     May 29, 2008
  6. Thank god for cheap puts!
     
    #16     May 29, 2008
  7. I was going to buy some call for this, but for some weird reason, i clicked on the put and bought it. I didn't find out until this afternoon.

    I told myself there must be a reason so I stick with my mistake. Thanks god.
     
    #17     May 29, 2008
  8. Wait for guidance during the CC before coming to any conclusions
     
    #18     May 29, 2008
  9. No guidance given
     
    #19     May 29, 2008
  10. Ya guidance was only to the extent of 'a little more than this quarter'. So one can only assume my second example (with a $15 price target) is the name of the game. Something like $1.50 of earnings for 08, on 250-275M of revenues.

    They need to get this options compensation under control. They are too rapidly diluting.

    I was heavier on calls, so will take a small loss, but have some puts at 17.50 i picked up ...
     
    #20     May 29, 2008