SGMA - The sentiment in MicroLand has been horrible lately, but seems to have started to shift. I feel like a lot of these microcaps are compressed springs ready to break out to the upside. As far as SGMA goes, it is definitely not priced for perfection at $2.65. They have a tangible book of over $10 per share and strong earnings power even including the WAGZ losses. Definitely can't blame anyone for taking profits in a yo-yo market like this.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.