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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (8803)	12/4/1997 8:28:00 PM
From: Cornstock	Read Replies (1) \| Respond to of 79308

Esteban, this is a stock to watch for more the a DCB. As you probably know, they fired the old CEO, and have now hired a new CEO. The new CEO reorganized and laid off about 1300 employees, and are now on a rampage hiring again. Over the past few years they overspent on research and were not marketing. They are now ready to market those products. This stock is on its way back. I talked with some people in the Silicon Valley, and they feel that this stock has a great deal of potential in the medium to long term. This could be a barn buster in 1998.

To: Esteban who wrote (8803)	12/5/1997 1:02:00 AM
From: Dave H	Respond to of 79308

Interesting today's strong move was accompanied by news of a class action suit filed against them. It's my understanding that when news doesn't affect price it's already been built in...perhaps in this case SGI has been so battered down there's just no one left to dump the stock? -dave

To: Esteban who wrote (8803)	12/5/1997 8:33:00 AM
From: ivan solotaroff	Respond to of 79308

SGI Esteban: Yes I'm (unfortunately) watching SGI, from the sidelines. Lost patience (got more interested in BOST) and put the money designated for the bounce in a stupid penny-stock chase. A word to the wise, though you're probably mundo hep: To make it work, as Doug says, you have to jettison the moment the trendline is broken; that sounds obvious and simple, but the temptation must be strong to squeeze the last possible penny out of the cat. That could easily result in someone losing their profit, then going into a loss situation. In no time flat. (After posting this once, I came across Peg's post about SGI being a good investment. I imagine she's right, as always. You, however, bought this as an extended day-trade, and the easiest way to lose money is to let two strategies into the same deal.) The suit, I would guess, was already discounted into the share price. I used to work for lawyers and they're the most gossipy magpies in all of nature. I would guess that the extra bounce yesterday (and the day before, if I remember correctly) was SGI's decision to come out and meet the suit head-on. If so, it could be super short-term; in which case, I'd be sitting with my finger on the trigger today. Ivan

To: Esteban who wrote (8803)	12/5/1997 2:12:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79308

Esteban: Did you see BOST today? It all happened while I was out. God .... da ... Ivan PS: Congrats on SGI. It might sound like sour grapes (probably is) but I do have to say: Watch out, the current uptrend is something you can easily fall in love with, and yes, it is a real company that is eventually worth far more than $14 and change. This is where it always gets hairy for me: I get in for one reason that proves right, then a second reason sways me from my original exit point. They say great traders have the ability to stay true to their original opinions, PLUS the ability to change their opinions as circumstances dictate. If that's true, I'm not a great trader. Ever hear the joke: Guy goes to a shrink. Shrink says I think you're crazy. Guy says, I want a second opinion. Shrink says, I think you're ugly. You'll never get poor taking profits. Boy am I talking too much today.