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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 89.27+1.6%Nov 25 3:59 PM EST

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To: miklosh who wrote (5038)7/20/1998 3:17:00 PM
From: Jim Goodman  Read Replies (1) of 14451
 
good of you to notice, so few of us even do chart patterns....anyway, my "PSYCLE sm" letter had added SGI., along with other similar-looking depressed Techs recently, at $ 11+, and, today, on the IBD article, sold at least 1/2 positions in calls at 15., for yet another nice trade for my approach....just too soon to expect huge breakout yet, and SGI. still must get above previous resistance over 16+, yes ? but, kudos to anyone else who had what it took to buy near 11., when the boo-birds were so negative, which, as I teach, usually happens near lows....anyway, best wishes to all from here, but told my subscribers to take some profits here, this a.m., and am looking for more of a pullback, before possibly trying to fulfill on the chart....will be in touch when/if....
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