Fri, May 24, 2013, 4:36 PM EDT - U.S. Markets closed
this looks like a great shortable stock
same to you, and I agree--it will be interesting to monitor.
I appreciate your thoughts. Time will tell. Its fun watching. Good luck.
I'm not as confident as you are that the bottom is in yet...take a look at this chart from today:http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=SGA&range=0&mgp=20060404&i=3&hdate=&x=20&y=15 The chart shows the buy/sell signals from institutional holders of SGA. Notice all those red arrows? Those are institutions advertising their intention to SELL. Also, notice the lack of blue arrows...not too many institutions looking to buy at $9.00/share.Now take a look at this chart from 3/22:http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=SGA&range=0&mgp=20060322&i=3&hdate=20060322&x=9&y=14 Institutions start to see SGA as worth buying at around $8 and change. The bottom isn't in yet, and the big-block institutional SGA holders know it.
dead cat bounce.