Sigma Designs- Up 50% per Month- Why? Message Board

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Technology Stocks : Sigma Designs- Up 50% per Month- Why?

SIGM 0.280

-0.2%

Aug 17 5:00 PM EST

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To: Glenn Holbert who wrote (395)	6/4/1998 7:48:00 PM
From: Grantcw	Read Replies (1) of 849

Hey all, Do you guys remember that convertible preferred offering that got me skittish enough to sell a few months back? I jumped back into this one upon watching the action that has sprung us up to ~4 from ~3. It seems that there have been some pretty good news reports recently with the good earnings, excellent conference call, Intel daughtercard deal, and a couple of other deals with decoder board OEMs. I would expect some of this stuff to put SIGM back into new short-term highs over 4 1/2, but nothing has happened. There are three reasons that I can think of: 1. The market has been correcting, holding SIGM back. 2. No one is paying any attention to SIGM. 3. The convertible preferred holder is shorting before conversion. I really hope it's 1 and 2 as opposed to 3. I know that the conversion can't take place before August, but I'm pretty sure that the short selling can begin before then and 3 months isn't too early to start, IMO. I'm very excited for the future prospects of the company, but I'm just worried that the convertible preffered holder may make this stock dead money for a few months. Any thoughts? Grant

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