SGMA is just another example of volatile micro cap
stock action that makes them highly risky in my view. I mean the stock went from $6.50 to $7.95 to as low as $5.90 on no news Friday. Thing is, the decline from $7.95 to $6.30(20% drop) happened in minutes and out of nowhere. I personally feel much more comfortable with the larger small caps and mid cap stocks that almost never go up or down more than a few % in a day except on earnings day or after big news.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.