[rescue] SGI stock @ 53 cents

[Ken Hansen]

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

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!

I have a few shares of Netpliance that are priced so low that I'd most
likely lose on the trade (stock worth $15, my 401K charges more than that
for a trade...) But, I only have a few dozen shares of Netpliance.

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
shares, paid a lot of taxes, but *covered* my complete tuition *and* money
besides, so no real complaints, but I should have never gone back in...)

I try and avoid picking stocks now, my portfolio is doing much better
necause of that decision...

Ken

Patrick Giagnocavo wrote:

> Here's a company with 2B a year in sales.  Total market cap today:  $100
> million.  About $200 million in the bank.
>
> How's this for the ideal rescue:  we all chip in to buy SGI... yee-hah!