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Technology Stocks : Silicon Graphics
SGI 91.75+1.9%Dec 26 9:30 AM EST
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To: Fred W. Fletcher who wrote (182)3/14/1996 5:25:00 AM
From: Evan   of 199
 
My view would tend to be that SGI has a significant resistance at just under 25. Also the market has lost interest in the stock to some extent because of it's poor performance over the last few months. It appears to have ceased moving in accord with SUNW.

That's why it didn't get hit by the big drop in the Dow. The stock has been moving slowly upward over the last week - I think it is significant that it broke 25 last night to close at 25.5 - after opening down.

Perhaps the news has begun to stimulate some interest in the company again ?
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