Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: dd who wrote (4230)	1/29/1998 6:37:00 PM
From: Larry Brew	Respond to of 14451

dd, << cost down buying >> I did the same. Really sucked up my cash. Really looks like we're on a ride back up. One of the few small - mid stocks to close up today. At least of the ones I own or track. Another dog I own, but expect to recover soon is MUEI. I'm afraid my disk drives are dead for some time. I could really kick myself over those. I got so #@$% focused on fundamentals, and being a novice, didn't realize that what's in print ain't necessarily so! Lets have a good ride up. Larry

To: dd who wrote (4230)	1/30/1998 12:07:00 AM
From: Mathon Dabasir	Read Replies (1) \| Respond to of 14451

Simple TA on SGI... Looking for "higher lows" dd, I'm very bullish with SGI's TA right here. Nice movement UP today. Yes, stock could retrace a bit as Jim Dabasir... I mean Davison <g> suggests, but I don't see it staying low too long. What my camp is looking for now are "higher lows" -when each new low is somewhat higher than previous one-. If this happens -and it's starting already- it's very bullish for the stock. Other TA factors I like... Relative strength (vs. S&P 500) has improved to 17 rating (from 4) and is moving north -sharply-. 50 day moving average -DMA- is almost flat now at roughly 13 compared to steady decline 4 weeks ago. Volume also remains strong after humungous trading day last Friday. Good for support on retracements. So what's driving this excellent TA with SGI all of a sudden??? Fundamentals -namely- managment in the form of their new CEO, Mr. Belluzzo. Market is really betting on this to be catalyst of more positive changes. Guess I'm included in that heap somewhere :^) jmho Mathon DISCLAIMER: Pure technical analysis -TA- is at best WEIRD SCIENCE! Without a grasp of a company's fumdamentals, TA amounts to nothing more than GAMBLING. No, gambling is more fun than TA! At least casino's treat you better than brokers do. Go lose $10K in Vegas (nice desert, no camels) and see how good they treat you. Free room, food, drinks, shows, harem, cigars, bed mints, etc. OK? Now go lose $10K at your favorite broker's place. Nothing. That's what you get dd. Nothing! Not even a "thank you Mr. dd, please come back with all your friends!" Nothing!!