Siga Technologies: Is the Volatility Over?

SIGA: Shares of Siga Technologies, Inc. (SIGA) have rebounded slightly after last week's drop to below five dollars.

Shares traded as high as $6.41 on Wednesday after investors became aware that the Director of the company had added a few shares to his position in an insider buying transaction.

After listening to the conference call on Monday, it's my opinion that nothing has fundamentally changed with the short, mid or long term future of the company and - amendment or no amendment - the BARDA contract could still be announced at any time.

Those long termers that were willing to buy into last Friday's dip have already seen a nice return on their investment; although I'm not yet ready to believe that the volatility is over until we see some news.

Author's Disclosure: VFC is long SIGA call options.