[geeks] Opinions on SGI stock?

[Joost van de Griek]

On 2005-04-26 18:30, Nathan Raymond wrote:

> Hey everyone, my grandfather recently asked me about SGI, apparently he has
> some money invested in the company and in the last week the stock dipped below
> $1 and of course if it stays below $1 they will get delisted from the stock
> exchange.  I don't invest in stocks, and haven't been following SGI closely,
> but from what I do know about them these days, they're not doing too well and
> have quite a bit of competition in the markets they are in.  He wants to know
> whether to pull his money out now (he'd lose a bit compared to when he
> invested), or to wait.  Anyone have any opinions?  I would imagine that SGI
> has quite a bit of intellectual property that might make them more valuable
> than the market considers them, but again, I don't know, and don't know
> exactly where to go looking in terms of helping him research this stuff
> (before he retired he worked for Raytheon almost his whole life, but he
> doesn't understand computer technology too well).

I bought a bunch of Apple stock back when they were doing the same thing.
Well, they never actually went *that* low, but they were taking a nose-dive
and everybody was predicting their impending bankruptcy (which was rather
silly, considering the pile of cash they had buried in the Icon Garden).

I figured, they'd either go back up, or be bought by some other company,
because companies like Apple and SGI are worth more to other computer
companies than to investors. I made a killing on that Apple stock. (Would
have made much more if I'd waited out the damn iPod. It split *again* not
too long ago!)

Under $1, eh? Maybe it's time to buy me some SGI stock.

,xtG
.tsooJ
-- 
Rehab is for quitters!
-- 
Joost van de Griek
<http://www.jvdg.net/>