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SGI - Silicon Graphics International Corp - Page 12

post #221 of 244

wow, down almost 25%.....

over the past months it has hit here and bounced back before droping again... i wonder if this would be a nice swing trade to try out.

 

post #222 of 244

Wow,I have not looked at this in a long time. Down 30% in the last two days on earnings. Here's another example of a small company with a small float, high institutional ownership of 90 %, zero debt, over $3.00 in cash per share and high short interest at just under 30.  When companies fit that bill and earnings are missed,the shorts punish the hell out of the stock.

 

How crazy are the analysts? Wunderlich came out on the 7th and maintained a buy rating with a $22 price target. They then come out the very next day and lower the price target to $15.  laughing.gif  Screwy fools.

 

Anyway,if you are going to swing trade this, let it settle down a bit before jumping in. I have been guilty of getting into a beaten down stock too soon forcing me to endure some pain when I could have been in the stock cheaper.

 

This is now on my watch list again. wink.gif

post #223 of 244

starting to look interesting here...not saying it's time to get in, but watching it for sure....hitting TL support area....could bounce...

post #224 of 244
Quote:
Originally Posted by OldFart View Post

starting to look interesting here...not saying it's time to get in, but watching it for sure....hitting TL support area....could bounce...



Just noticed that SGI just filled a gap down to 10.10 from one year ago on 2/2/11. This may be good for a starter position in the 8.75 area.

 

You thinking about getting into this OldFart?

post #225 of 244


just watching for now
 

Quote:
Originally Posted by trade2getrich View Post

Just noticed that SGI just filled a gap down to 10.10 from one year ago on 2/2/11. This may be good for a starter position in the 8.75 area.

 

You thinking about getting into this OldFart?



 

post #226 of 244

i hear you man, havent bought yet.... still watching. good tip though, because i was getting itchy to do something.  

post #227 of 244

have to see how it goes tomorrow....looks like it may have found a base...

post #228 of 244

might have gotten in too early, but got bought a MAR 10x call option

post #229 of 244

bailed on this one

post #230 of 244

i never took the plunge, almost did but decided to keep watching this time.... 

post #231 of 244

From earlier post>>>>>>>>>>>>"This may be good for a starter position in the 8.75 area."

 

If I had the cash,I would put a buy order to get in at 9.0 with a stop right below it and day trade it up to 9.50 or so until the bollinger bands come in a bit more. It does look like the serious selling is over and directional momentum is slowly shifting.

 

On a good note the vice president did buy on the 15th of this month at 9.25. For an insider,it was a tiny buy at 2500 shares so,I would not go all in on this alone.Also,today,they just announced a new president and ceo.(not sure if that is good or bad for the company.....hmmmm)

post #232 of 244

Two more insider buys today..........

 

Director.....4000 shares @ 9.37 on 2/27

CFO..........2000 shares @ 9.32 on 2/27

 

Looks like anything between 9.0 and 9.50 is a good time to buy this

post #233 of 244

Was so tempted to buy this morning when this was .06 down,but ,I did not. Its now up .24,over the 8 EMA, and MACD went positive.

 

HOD   9.99

post #234 of 244

I am waiting and watching very patiently for a quick drop at or below 9.53  which is S1.

 

Currently at 9.61

post #235 of 244

Nice move,up just about $2 off the 8.36 low less than two weeks ago.

post #236 of 244

SGI awarded 27.8 million dollar contract

 

 

 

http://finance.yahoo.com/news/sgi-awarded-27-8-million-131500804.html

post #237 of 244

cant believe its at 6 1/2 bucks.....  

post #238 of 244
i was about to go in at 8.5... think its a good idea to go in now? or this company is going straight to zero?
post #239 of 244

thats what im trying to figure out..... there earnings were higher than estimates, but guidance was lower. and there EPS (Trailing 12 mo.) is negitive, but they have a new CEO and have had some decent news lately. im not sure im confident enough to buy, but im debating it. 

post #240 of 244
Quote:
Originally Posted by localmaxima View Post

i was about to go in at 8.5... think its a good idea to go in now? or this company is going straight to zero?

I would not touch this  yet. 

 

 

Wow oh wow,I checked in at 10 am and saw it down 1.25. Came home and saw it down almost 3  bucks and almost fell over. Theres a boat load to read up on,I will check it out.

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