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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 89.27

+1.6%

Nov 25 3:59 PM EST

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To: Dirk Dawson who wrote (1495)	5/23/1997 4:25:00 PM
From: Sundar Rajan	of 14451

Dirk - I have been trying to find out as well. No news anywhere. Somebody posted on Tech Options thread in SGI this message: >> Jerry, CNBC reporting that today's rally is due to busting the shorts. Buy stop orders are kicking in on index stocks and pushing higher. A Floor trader reported that today's rally may not sustain. Well Who Knows!! Lets be careful on both sides. >> Are there a lot of shorts on SGI - possible since the stock took a big dive. Whatever reason, the stock is up quite nicely today. Good that I got back in @17 1/2 yesterday.

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