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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 94.00

+1.1%

Jan 16 9:30 AM EST

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To: Ms. Baby Boomer who wrote (10023)	5/9/2002 4:18:04 PM
From: Jane Hafker	Read Replies (2) of 14451

Maria, a learning experience from ADSX. Yesterday there was a horrendous slide, for about an hour--from 2.30 to 1.40, and then back up to about 2.00 by end of day. I was not near a computer and just sat and watched. You know what really happened? All those poor guys with stop limits, well I am almost certain that there were so many thousands of them, with the enterest in that stock at present, that it triggered endless stop limits set close enough to tumble like a house of cards, literally. Causing a computerized avalanche. Now I'm a little gun shy on stop limits....comments? As for SGI, $2.50 support is just fine. I'd personally much, much prefer $2.50 support than to sit solidly at $4.75 all this time before moving higher with new news and earnings season starting soon to take its shape. There's a lot more room between $2.50 and $5.00 than $4.75. Which could easily be the reason it was slowly walked back down. I know I don't have tolerance for breaking that support level, and I need to get out if it does.

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