Silicon Graphics, Inc. (SGI) Message Board

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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.75

-0.6%

Dec 12 9:30 AM EST

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To: dd who wrote (3855)	12/22/1997 5:43:00 PM
From: Mathon Dabasir	of 14451

dd: After intense discussions with my fellow camel traders last night, I'm keeping my distance from SGI. At least until the fundamentals turn positive. Yes, SGI could be forming a base here at @12+. And institutional ownership is up. But the high PUT/CALL ratio scares me -big-. Option traders are buying SGI PUTs 10-to-1 over CALLs. Sizeably negative. Contrarians might jump-in here. I don't have the courage to even average-in tho, without news of better fundamentals. Call me paranoid, but another bad earnings day and SGI's next test is 10. Hey, then we could see some institutional investors being committed to institutions! <imho> Waiting it out. Mathon

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