Buy - SIGM

Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Current Price: 6.5
Current Value: 650
Return: -6
Total Return (%): -0.914634146

Made a very bad mistake today. Bought this option at 6.3 when I could have bought it at 5.8. Why? Because I gave in to emotion from the market.

Anyhow, bought this option because the price suddenly sharply fell due to insider selling. Decided that it was an overreaction of the market especially since the fundamentals of the company was excellent. In fact, Zacks investments rates it as the top aggressive growth stock. Lo and behold, the price went up about 2 dollars in one day. For a 30 dollar share, thats a lot! And that's why I made such a bad mistake... Ah well, I'll see how it goes - I believe that the stock will keep going up as it came down from a price of 40 dollars.

PS: I'm glad I sold GSK. It went down - my prediction came true! Not bad! So far, 3 out of 3 true predictions.

Keep learning!