Thursday, October 12, 2006

Sigma Designs

I posted a little something about Sigma Designs recently and remarked about how I liked the chart setup as well as the 25% short interest. I was waiting for SIGM to pull back a little and fill its gap but it didn't cooperate.

Yesterday SIGM exploded. Today it looks like the shorts are still trying to cover. This thing is up 25% in one and a half days. I hope it doesn't run too much because I would like to see a moderate pull back on lighter volume so I can get in. Doesn't look like it will happen though.

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