Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (9835)	4/9/2002 6:15:39 PM
From: Jane Hafker	Read Replies (1) \| Respond to of 14451

Well don, if you rode this thing way down no wonder you are so fed up with it. I caught it the first time on CNBC and WATCHED IT CREEP DAILY FROM UNDER $1.00 TO $2.50, WHERE i FINALLY BOUGHT SOME. That was equally traumatic. Then freaked and sold it when it seemed to stagger around $2.90. I am more gun shy than all of SI put together. I also bought NSM at 64 and finally dumped it after what seemed like several lifetimes at 28. Cisco at 54. Dumped it at 18. So, my friend, SGI looks wonderful to me as long as the news continues daily on more and more entities chosing their product, which to tell you the truth I don't even understand. I only want to bottom fish for all the NSMs and Ciscos so totally destroyed, yet still in business, and growing more healthy by the month, and selling for less than nothing as an entry point. Hopefully this is one, and that's all I know and it isn't much. Obviously a pullback from the yearly top is an evil omen as we all know. But also this stock moves strictly on continuing news, until they can back it up with signs of improving earnings. That is always freaky. The wait/risk. And if it does move on its own, it will PROBABLY be institutional buyers slowly pushing it back up to sell to those who buy in at the next resistance point--dumb money momentum players much like myself. A sad story, but true. resistance point. Just so long as it goes up and not down