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

To: Harvardd who wrote (3564)	11/16/1997 3:26:00 PM
From: Mathon Dabasir	Respond to of 14451

Harvardd: SGI @17 1/2 is where the stock formed a good base prior to its mid '97 run-up. It's also where SGI landed after its recent meltdown. It stayed there on very high volume for two weeks. Then eroded down to 16 then 15 for four weeks. Also on very high volume. SGI's inability to hold support at 17 thru 14 tells me the stock is in trouble as witnessed by its breakdown to 13 last week. It also tells me that a lot of people who bought at 17 recently, will now want to sell first chance they get. This equates to resistance. Will I short at 17 1/2? Probably not (that opportunity passed by in July/August when SGI management was selling). Tho, I will look at the PUTS when AND IF SGI gets in the 17 1/2 - 20 range again... Mathon p.s. Don't pet that kitty, it's dead.