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Technology Stocks : Sigma Designs- Up 50% per Month- Why? -- Ignore unavailable to you. Want to Upgrade?


To: John M. Gelnieau who wrote (669)3/29/1999 4:30:00 PM
From: DELT1970  Read Replies (1) | Respond to of 849
 
We're near the end of the quarter and may have seen hedge funds, brokers or other assorted profit takers at work today. Short interest on 3/15 rose to around 255K from 186K a month earlier. The skeptics will have to buy back at some point. The 20 day moving average looks to have been around 6.25 and we bounced off that. In fact, we closed on an uptick to 6.50. Hope this proves to have been a buying opportunity.