I bought 1,000 shares of SIGM at 21.00. On 4/14, analyst Tristan Gerra with Baird & Co. came out with a "research note" stating that Sigma had lost a major contract with Motorola for Microsoft's next-generation IPTV set top box to Broadcom. SIGM sank to a 52-week low of 15.67. But something was fishy about the "research note". For one thing, no announcement about the "win" was forthcoming from MOT or BRCM. What up with that?
And the very same day, Microsoft announces their partnership with Sigma on their "next-generation IPTV set top box" right on their TV homepage at http://www.microsoft.com/tv/ .
Any way, sensing something was off, I bought 2,000 more shares of SIGM at around 15.82 level. In the past two days, plenty of news has come out to discredit Gerra's "news" and the stock has recovered nicely to 17.50 and climbing.
Happy me. ;-)