Well, I'll try to become the board moderator, but they say I have to post a few times first.
I think this stock is falling into the same problem as many other great - and PROFITABLE - stocks in its sector --- margin calls. Many large firms today are getting squeezed in their leverage ability and that means they have to sell everything to raise cash to pay up for those margin calls on other positions - namely financial stocks.
BSC just went caput today after being in biz for almost 100 years because they were levered 30 to 1 on many of their CDO and MBS positions. When the big boys who have their money with you start a calln', you got a problem. In this case, it's the end of your biz because you were such a whore during the good times. Well, now who said there never was a 'housing bubble'??
A bunch of life long Bear Stearns employees are learning first hand what happens when a housing bubble pops and all your retirement is in the stock. $170 to $4 in 3 months. Kind of ENRN-ish.
But this little SIGM stock, once the market turns, will be a monster because they have such a tiny float and are so damn profitable. And here at $20 it's a steal. It's like your neighbor going into foreclosure and selling you his car for 1/3 of what he paid for it just because he needs money to eat.
BRCM at $16.50 also. Man, what great times to have cash laying around.
