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SIGA Technologies, Inc. Message Board

  • g_dargusch g_dargusch Aug 14, 2013 9:16 AM Flag

    thanks to The Street for this:

    From a technical perspective, SIGA bounced modestly higher here right above some near-term support at $3.32 with lighter-than-average volume. This bounce is starting to push shares of SIGA within range of triggering a big breakout trade. That trade will hit if SIGA manages to take out some near-term overhead resistance levels at $3.74 to $4 with high volume.

    Traders should now look for long-biased trades in SIGA as long as it's trending above support at $3.32 or above its 50-day at $3.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 270,742 shares. If that breakout triggers soon, then SIGA will set up to re-test or possibly take out its next major overhead resistance levels at $4.43 to its 52-week high at $4.60. Any high-volume move above $4.60 will then put $5.50 to $6 within range for shares of SIGA.

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    • Technical analysis, if it works at all (and I think it doesn't, or else trillionaires would be walking among us) predicts the behavior of huge crowds trading in popular stocks.

      It's foolish IMO to imagine it would predict the behavior of the couple dozen day traders working this one

      • 3 Replies to superpalatial
      • There is Technical analysis and there is technical analysis.

        Where the technical analysis is based on a scientific approach it does work -- and works spectacularly. Two example of what I mean are the trading methods of Ed Thorpe and the trading methods of James Simons.

        Excerpts:

        ======James Simons "Fundamental trading gave me ulcers, science, I understood..." Renaissance Technologies hires many researchers with a background in mathematics, physics, engineering or computer science, but they hardly ever hire anyone with a financial background

        Simon started the Renaissance Technologies Inc. with about $6 million in 1982. The most successful fund of the company is Medallion fund . After years of excellent investment returns of the Medallion fund, his current personal assets amount to approximately 8.5 billion dollars according to Forbes (March 2010 data).

        Simon is a great mathematician, and for many years he has been the Math Department Chair of SUNY-Stony Brook. He studied in UC Berkeley, and got his Ph.D. there. He later returned to Berkeley, and there, together with famous mathematician S.S.Chern, they discovered the Chern-Simon Invariant, which is very important in the area of differential geometry, quantum field theory, and superstring theory.

        D. E. Shaw, has praised Simon with the following words: "He is a first-rate scholar, with a genuinely scientific approach to trading. There are very few people like him."

        =======Ed Thorpe was also a Phd with expertise in math and statistics and information theory. At one time Thorpe was the most active trader on the NYSE .

      • I heard this one last night attributed to Warren Buffett:
        Near term, stock price is a voting machine; long term, it's a weighing machine.

      • I'm thinkin the technical might coincide with the Courts Final DECISION that's coming up,,,could happen,,,or someone big wants to dump some,,,sooo they try-in to jack up pps to unload. either way ok with me if it goes past $4,,,jmo,gallen

 
SIGA
1.40-0.02(-1.41%)Dec 18 4:00 PMEST

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