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

To: Harvardd who wrote (3552)11/15/1997 2:20:00 AM
From: JC  Read Replies (1) | Respond to of 14451
 
A "dead cat bounce" is when a stock has fallen drastically on bad news and then bounces upwards in price due to short covering and bottom fishers.



To: Harvardd who wrote (3552)11/15/1997 10:49:00 AM
From: Mathon Dabasir  Read Replies (1) | Respond to of 14451
 
Harvardd. Even a "dead cat" will "bounce"
when it hits the ground hard enough!

This phrase is used to describe the upward move-
ment a stock like SGI might experience after it
has been slammed hard.

Short covering, bottom fishing, cost averaging,
you name it, will make SGI's stock chart-up for
a while.

Don't be fooled tho, this cat is DEAD.


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