I bought some SGI on Nov 29 when Linux's hype was near its peak,
because SGI had been turning themselves into a Linux company but
was one of the few whose stock hadn't jumped yet. (at the time,
any company that mentioned "Linux" in a press release doubled
within a day or two... insane.)
Though I think there's still a good chance SGI could double or more
in the next year, I'm not quite clear on their Linux strategy,
and the hype around Linux companies has died down a lot lately,
so I think I can find a better place for that money for now.
I managed to get in at an extremely low price ($8.38) so I was
able to sell for a 28% profit at $10.81. That isn't great, but I
only had it for about 3 months so the annualized rate is much
better (241%?)
Hmm... 241% sounds pretty good, but the Nasdaq in comparison
increased from 3421 to 5047 (+47.5%) in that same time period,
which is 400% annually. doh.
--
Gerald Oskoboiny <
[email protected]>
http://impressive.net/people/gerald/