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Don't expect even a 1% gain on the printer install news....that's expected. I bet it's delayed though...like everything else they do.
Good luck with that..that would be a world first...multiple contracts by multiple partners with 2 Einstein wannabes running the show. Not gonna happen.
When I see 15/20/30/50 employees then the above scenario might be remotely possible. IT, Customer support/service, technical support/troubleshooting, multiple engineers on staff, sales infrastructure , business development (that they talked about months ago)...I can go on and on.
Heads out of clouds, put down the cool aid, this isn't going anywhere substantial until those happen.
Just my thoughts
I'm confused. Error trades like that NEVER go through. Trading floor HAS to give you the best price always. I can try to buy 1 share of Sigma (whether I put limit or market trade) at $500,000 per share and I'll still get it at best market. I made fat finger mistakes often and never got penalized.
Absolutely not. GE will not place any orders at least not by Q1. Revenues in Q1 will be something like this.
$50 Amex gift card for speaking at a conference
$143.76 from printing an origami from "metal" using the new $1mil
machine...sold on eBay of course
$13.50 from a lemonade stand (sold 27 units at $0.50 per) freshly hand
Squeezed by Vivek, sold by Cola
$1,250 from selling Cola autographed merchandise to Sigma fanatics
Part of the RnD was the $150k bonus he paid himself while cutting the stock price by 2/3rds from its high.
He deserved it imo. Should have paid himself even more, probably in the 1million range.
You got yours filled, but don't be selfish. Mine still hasn't filled at 0.02. Once that fills we can move up. ;)
By now we know short sales are done by MMs to keep liquidity. Record low short sales just means we have record low buys, so MMs don't have to sell much to fill buy orders.
In Sigmas case, short sales don't mean much. This isn't going anywhere until they announce SIGNIFICANT contract revenue, in the millions range. Anything short, stock is going down.
You won't cause they didn't do it. I mean they are working on about 100,000 projects and ventures according to all the PRs, yet as always we stop hearing about it. Munitions, dental implants, prototype printer, I'm sure I missed a handful more. Almost starting to believe they are fluff PRs or these two simply are scatter brained and so all over the place they can't focus on a single product and most importantly monetize it.
Yet I'm still here...holding my 610k shares like an idiot.
Umm probably all of it. As I keep asking...what is Sigma? A lab where a bunch of scientists play? Or are they business men hunting down every opportunity to capitalize on their product.
I'm leaning slightly towards, scientists playing in a lab with our money.
That's funny I said the same thing 3-4 months ago. Are these guys business men? Or playing in a lab with our money. Time will tell.
I doubt this rises much..
It was a strong close indeed. Backed by a generous $26k worth of stock that was traded. I am quite impressed with the continuous demand for SGLB!!!!
You won't see GE contract anytime soon. GE will not start production until around mid next year...so why would they give a contract now?
Is this meant to be responded to me? Or just in general. I'm confused if it was to me. Don't remember asking why you invest in SGLB.
Many many things can go wrong with these prices. Last I checked Sigma has no contracts, new technology can emerge to replace whatever they are cooking, the company can even go bankrupt.
So yes, many things can go wrong with these prices.
If you don't agree, please list out reasons why you guarantee that nothing can go wrong with these prices.
I'm still here though, holding, very cautiously.
Sigma Labs is like that dude on Facebook with 2,350 friends. But honestly only 1 or 2 are probably actual friends, if that.
So many contacts, so many connections, so little to show for it.
Whoa! we are almost done with October...Tick Tock.
This will be >= 0.125 per share by Wednesday or earlier.
Another 15%+
Just sayin...
I appreciate Monkey's post, and he clearly implied it is an estimate by using the word "assumption". Estimates are not useless, and are always used in every business well prior the actual business takes place.
If you are going to say his numbers are useless because they are guesses, then please go back to your own posts and apply the same criticism. You have posted plenty of "opinions" and "guesses".
Be fair.
I invented the yellow smiley face...but forgot to trademark it. Would have been a billionaire.
Let's see...2 months left to the year...many promises by Cola for 2014 no deliveries except one product which generated 0 sales, you tell me.
I guess the better question why was it valued at 0.10 cents to begin with? Hype? Which has died down + market conditions = Sigma down.
But who cares anyway? Only worried are those that bet with money they need. If you aren't scrapped for cash you should weather for storm.
That's laughable...OTCs can't be margined. I love the 100 theories and justifications why the stock went down. I said long ago...this will drift lower and continue its decline as time goes on with no sales. This will be sub 4 cents by end of year if nothing is announced.
That's what's baffling...you do a webcast on a 3 page PowerPoint presentation, but can't even do a "call in" for a once a year investor relations event?
Chris Witty...you're doing an awful job. This is what you are paid to do, and you are not delivering.
Its the same conversation when everyone was expecting massive news prior to the webcast held early September. As you said, has to be announced when it happens...not secretly hide it for the big reveal on an investor relations call. Give me a break.
You beat me to it. When stock goes down its manipulation...when it goes up, it's never manipulation huh?
It's going down because there is no reason for it to go up. Everyone that wants in is pretty much in. No new investors vs some inpatient ones selling out. That's why it's going down and will likely continue until something substantial comes out.
Alan is right. And Sigma has done plenty of questionable things and in some cases lack of things that an independent board would have denied or challenged.
I'm saving to average down if it hits 0.07-0.08 sometime soon. However if 4 months go by, and not a single contract, and we are at 0.07-0.08 then I'll likely reduce my position by 75-80% rather than add.
Overall, the more time passes without contract news, the more people will lose "patience". For me, I'm sticking to my 4 month timeline; no contract, time to reduce.
MM s and brokerage houses do not make it their business to hold inventory. If they do, its minimal.
The global market has absolutely nothing to do with Sigma and penny stocks. It held its own sure, but has nothing to do with the market.
If you think otherwise, go back past 1 year, and see if there is any correlation between Sigma stock and the DOW/NASDAQ/NYSE. There isn't. Dow Jones has been up more days than down past year. Sigma has been down or neutral more days than up this year.
Exactly correct.
I talked about this a month or so ago when many were expecting revenues very soon. Fact of the matter is that GE or any other big company is not going to hand over a multi million dollar contract to equip 100+ printers with only Cola, Vivek and a few teddy bears supporting them.
You need customer service, IT support, expert technical support and an entire infrastructure in place if you want to maximize your revenue potential. You'll never see a company with sub 5 employees making 50 Million in revenue is my point.
So tapping into the S-3 filing to raise capital before a major contract is announced...well not going to happen. I can bet money on that.
Here are the series of events that will most likely occur.
1.) Sigma Labs will receive a big contract sometime soon, but to start at a future date and probably with contingencies. Annouced sometime soon, but won't be payable until GE finishes their 3D manufacturing facilities,
2.) Stock price will spike immediately, but how much is dependent on how the contract is structured, the size of it, etc., (uplisiting at this time wouldn't hurt, and probably will happen)
3.) Now that Sigma Labs knows that they have secured a contract that will start paying say 6 months from now, it gives them time to start ramping up and building their infrastructure to support GE or any other company. They will not do or rather shouldn't do this (if they were smart) without securing a guaranteed contract first. This is where they will tap into their S-3 filing, after a spike in stock price, and raise additional capital for expansion (which is Cust. Service, IT support, technical support, HR, accounting, finance etc.)
I'm limited to 1 post a day. See you tomorrow. ;)
Sigma Labs indicators have turned negative on about 9/15 and have been on the decline since.
As of now...(looking at 1 Year / Daily time frame)
RSI bottomed out, Stochastic nearly bottomed out, but good enough. MACD flattened, would expect it to cross positive soon.
Still a little risk, another day or two would really confirm bottom, but if you are looking to get in, then 0.106+ is probably as good as it will get.
In addition, if you look at the 3 year / weekly time frame, RSI and Stoch. have bottomed, and MACD is once again narrowing the gap.
If I was a betting man, which I am, we should expect a long upward movement over the next 6 months+, barring any bad news of course.
Picked up a small chunk (120K) @ an average price of 0.1077 today.
Good luck!
"Everyone is acting like they are in panic mode..."
This means nobody is in panic mode since everyone is "acting".
Just sayin.
I agree, but long term views and strategies are formed by short term confirmations. To me if you can't show revenue (in your case 6 months), that means your product has serious issues or is not something the industry values.
If I see the wound is critical, and the patient is bleeding profusely; I don't need to wait till they bleed to death to realize they are dead or will die.
Maybe there is a 10% chance they recover, but whole reason I'm in this is that I see about a 30% risk Sigma fails for a 10:1 minimum payout. If now we are at 90% risk, with still a 10:1 payout, I want no part of it or at least not as many parts of it.
I'm in one of those analogy mood days. Forgive me.
When I said "hype" I was talking about the current price, the decline from 0.13, and the "hype" from release of INSPECT. I was talking about the danger of this possibly testing low 0.10's and breaking down due Sigma already giving up all it's gains since the news. The hype from "INSPECT" (might I clarify) has died down, and there is nothing new right now to draw in new investors to push price higher.
Overall industry? Sure. Short term in Sigma? Dead. If alive, why aren't we all jumping in and buying? There are as many sellers as buyers, just another day. Everybody that pretty much wanted in is in at this point. Only investors that are not in, will be in if revenues are announced.
I am waiting, waited over a year and still waiting. But please understand that they will run out of capital sometime towards 2nd half of next year if things continue (no revenue) the way they have been. If no revenues are announced over next 3-4 months am I supposed to sell my shares after everybody sold theirs? First in first out wins. Not last in last out.
That's why I have my timeframe, you have your 3-4 year time frame, and there is nothing wrong with that.
If there is a hole in the ship, I jump to another ship and don't care if my crew went down with the ship. Maybe they repair the ship and it continues to operate, but I'm not one to wait around and find out. If there is danger, I bolt and save myself.
In this case, danger to me is no revenues from INSPECT over next 3-4 months. But like I said, most likely I will keep 50-75K shares around. Just don't want to have 500k+, that's excessive if INSPECT comes to be unfavorable by the time the Superbowl comes around.
Ok. We just have different setups on our screens then.
Perfect, so we are aligned, and I'm not delusional by giving 4 months to show revenue since you are pretty much giving them 2.5-3 months.
I also agree that DEFORM is the key over INSPECT. INSPECT is like Word, DEFORM is like Excel if compared to Microsoft suite products. Both are useful, but many businesses can't operate efficiently without the Excel.
What timeframe are you looking at? And if you have bottomed should we see an increase in PPS sometime soon? Even on a daily time frame (which is what I'm looking at) bottoming out means we should start moving up in the next few trading sessions.
We will see if that happens.
EDIT: In my daily timeframe, RSI is towards the bottom, MACD just crossed over to negative, Stochastic is in a full decline mode.
Jackle, I don't expect that personally, that's why to me 4 months is a reasonable time frame (which some said was unreasonable).
You are one of the more knowledgeable ones on this board. In your opinion, what is a reasonable timeframe for INSPECT to start generating revenue? Sigma and others stress the importance of Sigma's technology and how its badly needed, if that is the case I would expect sales to start coming very soon (of course not two weeks).
All daily indicators are still negative and only half way through its downward trend. Only one that bottomed out is RSI. Right now it's hanging on the lower trend-line, but with most of the hype gone, and price back to where it was, I can see this breaking down and testing low 0.10s.