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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 86.00

-2.7%

Nov 17 3:59 PM EST

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To: Capitalizer who wrote (5296)	11/8/1998 9:02:00 PM
From: john dodson	Read Replies (1) of 14451

More 8/15/98 SGI stuff from the OLDE report: Support: Moving Averages: Resistance: Major: None 50 Day: $12.13 Major: $16.5 Minor: $10 200 Day: $13.25 Minor: $12.5 "Chart by MetaStock software, EQUIS International, Salt Lake City, UT." TM Silicon Graphics Since peaking in 1995, shares of SGI have traded within a well-defined long-term downtrend. The sharp 1997 rally quickly reversed, and the stock has attempted to hold in a sideways range during much of 1998. Unfortunately, the stock has lately broken its January lows, suggesting that the downward trend remains in force. Given that one has to go back to 1992 to find a time when the stock price was this low, we have not listed a major support. Such levels may no longer be relevant given that relatively few investors who purchased the shares back then are likely still holding them; however, as a point of reference, the ten-year low in the stock is $3 3/8. As a result, we recommend investors exercise caution with respect to the shares until a significant base has been established and the stock begins to show a little strength by overcoming initial resistance levels. -John Dodson

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