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

To: Brett Behm who wrote (3578)	11/17/1997 11:26:00 PM
From: Mathon Dabasir	Read Replies (2) \| Respond to of 14451

Bret: You said it best. If you buy SGI today, you're gambling, not investing. I totally empathize with your timing woes with this (or any) stock. Everyone wants to buy on the lowest dip and sell at the highest high. But no one does... consistently anyway. And that's why, I for one, go extra heavy on the technical analysis side. Not inferring you don't technically analyze your stock picks well. I only question your overall strategy when you feel compelled to load-up before the fundementals come out in a stock. That's gambling!!! Back to SGI: Check out its three year chart (get a Mansfield if you can). It's a mudslide!!! An absolute mudslide!!! Only fictitious -bs- from management about long term future profits pulled this stock out trouble. When those profits didn't happen -BAM- you know what happened next. On that note, I feel sorry for you and everyone else that bought after Q4. You had every right to do so -technically and fundementally- at that time because SGI looked and sounded for real then. Truth is, I came very close to buying SGI then myself, but I waited-out the Q1 numbers based-on the weakness of its chart long term. Bottom-line: SGI broke-out briefly in '97 with the help of some smoke and mirrors. Now it's back on the slide and will take EXTREMELY good fundementals to turn it around. Mathon