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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 94.00

+1.1%

Jan 16 9:30 AM EST

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To: sam ding who wrote (2572)	9/6/1997 8:59:00 AM
From: Bill Holtzman	of 14451

Sam, Since The beginning of 96 SGI hit 30 three times, all in the 1st half of 96. It closed at 30 3/8, 30 1/8, and 30 even. So you see there is some clear resistance at 30+. The stock ought to move between what is now support at 28 and the resistance at 30 for a bit before proving itself worthy of another upside breakout. You see the "express train" does stop at major junctions. Any technicians out there that still think the train will derail and need to close the 19-25 gap before moving on? Bill

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