Silicon Graphics, Inc. (SGI) Message Board

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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 92.07

-1.5%

3:59 PM EST

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To: Jane Hafker who wrote (9757)	3/18/2002 9:46:27 PM
From: MJ	Read Replies (1) of 14451

Jane Look at the long, long term chart going back over about 14 years----SGI is scraping the bottom now and has been for almost two years. (No doubt like many other stocks) Based on that I don't think we are looking at speedy recovery in price. IMO I would look for a slower methodical move up in price-----there was a gap created on the downside between about 7.50 and where we are now. It is possible that we could see a move to fill that gap. Since I am enamored with the technology SGI has I try to stick to looking at the chart and buy cautiously. If the gap gets filled----I would watch the movement for awhile and reassess whether to be buyer or a seller. Everybody is bottom fishing now including the analyst. mj

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