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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 91.07

-0.9%

Dec 8 3:59 PM EST

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To: larry larsen who wrote (3075)	10/17/1997 10:01:00 PM
From: Bill Holtzman	of 14451

Larry, Let's say you own 5% of XYZ. You decide you're going to drive the price down. You dump like mad. You dump huge amounts of the stock on the market, maybe make the volume duoble the usual. As you dump, other folks decide to get in. When do they get in? At the resistance point. When you've driven the stock cheap enough, a large number of people decide that's their price and they buy, propping up the stock. If you continue to dump stock, let's say you start shorting, well eventually buyers at the resistance point dry up and you break through. To me, this is what happened to SGI last week. (You don't need to answer this.) Your other comments I'm interested in: >>PS Get me going and I'll offer my opinion why SGI doesn't make it where it counts - in sales!<< Ok, let's get you going - what are your thoughts? SGI is not a dinosaur? Will the quality come through? Will all of us sappy investors get a ticket out of hell? Bill

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