Sigma Designs, Inc fka SIGM

[SyndicateTwo]

Well, I must admit that the most money I've ever made was buying at times like these and stocks that just never seem to stop going down when they 'shouldn't' - whatever the hell that means.

But when you look totally objectively at the math I showed, unless something knows SIGM is on its way to going out of biz, this is one of the greatest buying ops in tech in decades if their next report shows anything near their last projections.

My personal position is kinda all over the place between long stock covered by short calls and long LEAPS on the $20 strike for 2010, along with April short $22.50 puts which I'm expecting now to get 'put'. Those were short at $1, so my basis on those 1000 shares (10 puts) will be $21.50. But I think I'll just short calls on Friday afternoon ($22.50s) if it appears they'll be in the money.