Sigma Labs Inc (SASI)

[DriftinWayOfLife]

I am a little mixed on SGLB for tomorrow. The negative is the 16+% gain today makes it a little overextended . The positives are that much of that was on a surge of late volume (about a third of the day's gain in the last hour on a third of the day's volume), plus the likelihood of good reactions to the presentation at the Aero conference, plus the increased likelihood of the fools in DC doing something positive for a change.... All add up to reasons to think SGLB may not pull back or if it does, it may not pull back beyond the transaction costs to get out (primarily tax effects) so that holding it makes more sense to me. I am not certain I would add tomorrow, although I did early today. If it runs up a lot tomorrow, it might get overextended enough that I would sell, but that remains to be seen. It may pull back, and depending on the volume and magnitude of the drop, I might get out. I tend to have a fairly long term focus for most stocks and SGLB is one of the very few times I have ventured into the land of penny stocks. These may be better suited to short term trading. A half penny change can be significant. Watching the L2 quotes, it amazes me to see a bid/ask spread of .0005 on lots of 10,000 shares.... Whopping $5 difference and the two parties hold out. I hope to learn more here.