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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 91.52+0.9%Nov 28 9:30 AM EST

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To: Larry Brew who wrote (3707)12/5/1997 9:48:00 PM
From: Bill Holtzman  Read Replies (3) of 14451
 
Larry, I second Robert's comment's about tax selling and fund manager's reluctance to buy. Perhaps this recent move up is some really bright managers jumping in while maybe others must wait thirty days to get back in? Or is SGI doing the buying? The thing is, if the company makes it the stock is an absolute steal at these prices. Don't you agree?

A good pick for CEO could get the stock to 19, I think. That's where it fell to after the bad news in October. Anything higher will take lots of earnings. A number of high profile folks got burned recently and won't delve to take another shot that would really make them look stupid. Of course there are alot of other folks that might jump in this time around.

Caveat Emptor.
Bill
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