OT:
Telecom guy on RM.
cbs.marketwatch.com
Still buying.
Resistance dead ahead even though it's from way back when:
stockcharts.com[l,a]daclyyay[d19990201,20040201][pb20!b50!b200!a3.5!a2.5!f][vc60][iut!Ua12,26,9!La24,52,18!Lb14!Lc20]&pref=G
FWIW (which is often nothing). Here's Cramer's take from 1/30:
"Why shouldn't Silicon Graphics (SGI:NYSE - commentary - research) be bought? The company's in a turnaround. Its customers, oil companies and the government via defense and NASA, are flush with cash. Management has extricated itself from a toxic convert, as Frank Husic, a terrific growth stock manager, pointed out last night on "Kudlow & Cramer."
And the darned stock's at 3 smackers! Three bucks!
When you consider that people jump up and down to own that piece of junk Sun Microsystems (SUNW:Nasdaq - commentary - research), which was an overcharging bandit during the heyday, or when you consider the love affair people have with Ted Waitt at Gateway (GTW:NYSE - commentary - research) despite his insistence on doing nothing right, including this morning's wacky purchase of eMachines, the Silly Graphics choice makes a lot of sense.
When you add in the bizarre fact that not a single major firm covers Silicon Graphics, I say the darned thing sounds like a screaming buy!
Should you wait until it cools off, given the goosing it received on television? I would.
But then again, I would put some on now, so as not to forget it when the hoopla dies down...." |
