Replies to post #104025 on Savvy Trades and Investments

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Hope your bravery pays off on SGMA. Stock down nearly 20% this morning after the disturbing filings late yesterday. I feel like it bounces back to $3+ at some point, but can't bring myself to buy more. Already regretting that I held what I did into earnings, even though it was almost sure to be bad news since it was so late.

And yes a loan covenant violation is normally prob not that big a deal. But with the recent struggles in the banking sector...maybe it'll be more serious than we think? At least it's with JP Morgan.