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Rackable Systems Announces Agreement to Acquire Silicon Graphics Inc.
07:49 EDT Wednesday, April 01, 2009
That is the PR I'm talking about! It tanked hard when this was released?? I thought it was a done deal?
that might be a stretch... but it sure would make a great story
not sure which pr you mean mervini, but details regarding the buyout may be leaking, hence the sudden surge.IMO.
Why all of a sudden is this exploding??? It tanked when the PR came out.... Can someone please explain?
impressive move today....so consensus appears from .30-.40 for acquisition pps?
Yeah, I saw that. I think the MM's are trying to get their fill. There were also a LOT of trades coming out of nowhere (Level 2 sizes didn't change even though 10,000's of shares were traded, at times even out of sequence). It's the MM's, I'm convinced. Perhaps they know something we don't...
We'll see on Monday morning. If the MM's stop to manipulate the price, it might just start itching up.
have you noticed the dozens upon dozens of small 100 lot trades that have gone thru the last 2 days???...they were mostly driving the price down until right at the end they started coming in @.125...as tho' it found support
On other boards, people seem to believe that it will hit at least .40 withing the next 2 or 3 weeks and that it starts running as soon as RACK reveals details about the acquisition of SGIC.
I think to put a guarantee on the .40 is a bit bold but it may actually max out somewhere between .30 and .40, IMO of course.
I'd be happy if it got to .30. I am holding 12k averaging .19.
don't know about a bounce but the last 2 days the resistance was .23...obviously not today...
I know it will bounce. Questions is how far? Any opinions?
Congratulations on waking up the board...
I've been watching it and was holding it, but still sold too soon.
Well yes and you have missed a ten point run up!
You still here?
Welcome to the new Silicon Graphics Board!
Most of you are probably ticked off with SGI as am I. The good news may be that this company has done all it said it would and is in a unique position with a very specialzed market. The bad news is that the name of the game is profit. A small market may make profits scarce. The hope I have is that the computer modeling that SGI does catches on with the global warming scare and the stem cell research fervor. This is a risky stock, folks, invest at your own risk! I lost on SGI so I will get even on SGIC, just a matter of time.
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Well they are out of bankruptcy so now what?
(Pinksheets: SGICQ)
Bankruptcy Info
http://www.donlinrecano.com/cases/caseinfo.aspx?cl=sgi
Recent PRs
Institutional Holdings
http://www.mffais.com/sgic
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