Collective 2: SIGM stopped out


Some late day action looks to have triggered a series of stop hits before closing the day much where it had started. The test of the 20-day MA is a positive for the bulls and if it can close higher Monday (even if it doesn't make new near term highs) then today's action would rate as a fire sale prior to a big move up. I had wanted to protect a good profit with my relatively tight stop; $4,310 on a 1,000 share lot for a 2 1/2 month period - but by doing so I couldn't protect myself from these intraday swings. Harry Boxer had some favorable comments on the stock and he thinks $30 could be in its future. There are still two stocks left in the portfolio and a trade signal I have in the market which has yet to trigger.

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