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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: Sundar Rajan who wrote (1496)	5/23/1997 5:23:00 PM
From: Bill Holtzman	of 14451

Sundar, There's no resistance at 18 and the question is not what's driving the stock but why it got to 10x earnings to begin with! As "The Shark" duly noted on this thread after SGI bottomed, 12-7/8 is a ridiculous price for a company of this caliber. What you're seeing is the opposite of a dead cat bounce; the stock is alive and kickin'. This is what you get when you have hordes of investors looking at a silly number that comes out once a quarter, and I for one am glad these people are out there! (Bought Nov 20 calls at 1.25) Bill

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