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


To: Larry Brew who wrote (3816)12/18/1997 10:57:00 PM
From: Jim Davison  Read Replies (3) | Respond to of 14451
 
Larry, glad to hear you are still accumulating SGI. I would do so myself except that I tend to get dizzy and see spots whenever I consider buying more. This was a crazy market day. I was impressed by Broderbund dropping $5 and a few other quixotic market moves. I blame today's drop on tax selling and a nasty downdraft in tech issues. And as Mathon what-is-name says, nobody will touch the stock until they see a good quarter. If the next quarter is good, they'll all be back in droves and blame it on the "traditionally weak Q1." I don't think all the Windows-related stuff is going to change the stock price until it's in the bottom line. Probably they will finish porting their system to Windows NT about the same time the Supreme Court crushes Microsoft into micro-mush. I expect a small bounce in January. I am wondering if I should take a small trader's profit on any run-up here. I haven't sold a share in a long time (worse luck!) --JD