I can understand buying down here, but why would anyone be selling this low? The company has a minimum of 50% of a hefty contract in hand and is already delivering. If the appealed ruling from Parsons is more favorable than SIGA stands to go much higher IMO.
Just don't understand the mindset of any sellers at $3 unless it's just pure exhaustion at this point. Who knows?
"I can understand buying down here, but why would anyone be selling this low?"
Kind of a silly question, but I'll answer it for you anyway....ask yourself why you are
invested in SIGA rather than leaving the money sitting in your bank account to
collect interest. You think you can get a better return elsewhere (in the market)
rather than in your bank (collecting interest). So, people (and fund managers)
eventually say, "screw this POS company, they're lost and can't get it together.
I figure I can get a better short term, and maybe even long term, return on X
stock. Moving my $ over there". Simple enough???
No doubt, the risk/reward at $3 is good value. Volume still pretty low. Just don't think there are many sellers left at these prices, and that Seeking Alpha hit piece wasn't as effective this time around. Feels like a bounce off of $3, with a floor established IMO