LEGATO SYSTEMS LGTO Message Board

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Technology Stocks : LEGATO SYSTEMS LGTO

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To: Greg Jung who wrote (220)	10/15/1998 8:22:00 PM
From: Ron Kline	Read Replies (1) of 1138

Greg, Thanks for you insight on trading opposite of instinct. I agree that at times I agree with you. The big problem with CANSLIM is that it only really works in markets that are going up. If you guess wrong on the direction of the market you will eat it no mater how many letters in the equation spell buy. There is no perfect system to pick stocks and time the market but CANSLIM does have some good points to it. I have done well with the system. As far as LGTO I was out of the stock 2 weeks ago when it fell below it's breakout. I believe we have had a reversal in the market since the last selloff and have been buying quality issues. I am still not back in LGTO but will watch how it acts in the next days. Ron

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