[geeks] NOW at GEEKS! Re: [rescue] SGI stock @ 53 cents

[Ken Hansen]

I was a fool for selling my stocks so quickly, until the stock *tanked* - then I was just a guy with a big tax bill...

And a Masters. ;^)

Besides, I wouldn't call SGI a pennystock - I suspect they will have a *reverse* split, combining shares, say 5 for 1 or so down the road, jsut to stay listed...

Ken

-----Original Message-----
From: Jonathan Katz [mailto:jon at jonworld.com]
Sent: Wednesday, July 11, 2001 6:42 PM
To: geeks at sunhelp.org
Subject: [geeks] NOW at GEEKS! Re: [rescue] SGI stock @ 53 cents


Ken wrote:
> Buy the company, buy the debt - I bet they owe more than $100M US...

Based on estimates from when they bought Cray, closer to $300M.

> Having said that, I just placed an order for 200 shares at $.65/share (a
> limit order) - this will be the first stock I own that i *bought* under
> $1/share!

Pennystocks bad. I've lost my shirt there.
 
> Then there is Red Hat @ $4/share - yesh, I can remember when... (Heck, Red
> Hat paid for my Graduate School - quickly flipped some friends and family

Down-payment on the Jon-pad. e-trade didn't like me for that. Neither
did the accountant.
 
-Jon
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