The markets overall even the tech markets are doing quite well. Note that the S&P 500 is only about 3 % off its all-time high of 1893 or so. Sgoc is even more of an undervalued stock now. The folks around here were in a hurry to buy it at 3.50 and up and unwilling to do so at 3. and at 2.45.
That is a good question. I think value investors have finally started to come in as sgoc is trading at about half its book value. That means its assets could be sold off in such a way as to get twice as much money as it has in equity. In other words its assets are worth now as much as its equity would be if it were trading for nearly $5/share. Note share price to book value is a more important method for value investors than is the price to earnings ratio as one can be sure on getting a return for tangible assets if they are sold off, but earnings can easily disappear if the company, industry, and or macro-economy has problems.