Buying SIGM

Adding SIGM to the portfolio this morning. I am paying up for this massive breakout. Company has been around since the early 90’s, so the high seems significant to me.

Here is their lifetime chart. I was in the stock earlier in the year on it’s last breakout to all-time highs and got stopped out in the summer swoon.

Here is their Yahoo profile:

Sigma Designs, Inc. engages in the development, manufacture, and marketing of silicon-based media processors primarily for consumer products. Its REALmagic video streaming technology is used in various consumer applications providing integrated solutions for decoding of H.264, MPEG-4, MPEG-2, MPEG-1, and Windows Media Video 9. The company offers silicon-based media processors for Internet protocol television set-top boxes, digital media receivers, high definition DVD players, high definition television, and portable media players. It also offers video and audio decoding chips under the names of EM8400 series, EM8500 series, EM8610 series, EM8620L series, and SMP8630 series for the IP video technology market and connected media player market, as well as the PC add-in market. In addition, the company offers development kits, engineering support services, and engineering development for customization of chipsets. In addition, the company focuses on Ultra Wideband technology and products for high definition audio/video streaming between consumer products. It sells its products to consumer equipment manufacturers, distributors, value-added resellers, and corporate customers through direct sales force, distributors, and manufacturer representatives worldwide. Sigma Designs was founded in 1982 and is headquartered in Milpitas, California.

Sounds quite techie :) . Anyways, I have bought a little and my stop is down below $13 so factor that in to any decision you make based on my purchase.