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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 92.07-1.5%Nov 11 3:59 PM EST

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To: Don Green who wrote (9927)4/23/2002 7:12:09 PM
From: MJ  Read Replies (2) of 14451
 
Jane

Go to the really longterm chart on SI-----it is still in a bottom formation and if you believe in being a contrarian this is the buying time.

I have bought in an out of SGI and will likely buy again when the smoke clears. IMO the traders who sold over the past few days dumped their shares and will move on to another stock or buy back at a lower price to cover their shorts(literally and figuratively---)

IMO no stock which comes down like SGI has or a multitude of other stocks have done rises instantly from the ashes.

What seems encouraging about SI is that they seem to have gotten over the hump and are rebuilding as a company. This will take time.

Another suggestion-----don't be anxious to buy any stock---you can never hit the bottom or the top.

Back to music.

mj
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