Legacy Storage Systems Inter. Inc-VAST 1500 Gig Message Board

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Technology Stocks : Legacy Storage Systems Inter. Inc-VAST 1500 Gig

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To: Jean Sutherland who wrote (49)	11/25/1996 10:05:00 PM
From: Neil Leckett	of 64

Hello again, Jean As far as I can tell there is no special reason for the runup. Technically speaking, this puppy will peak tomorrow, perhaps touching $5 very quickly, and then drop back to around $3.75 to $4 in the next couple of days. After that if it can sustain this level then it will likely breakout above this and will enter another uprun. There is significant resistance @ the $4 mark which was broken today, with little resistance to $7. The rapid runup suggests that LEG shareholders are holding onto their shares tightly perhaps "inflating" this run. If we see a number of people bailing out at the resistance levels it will be difficult to get above them. This is my technical evaluation, but still doesn't account for the sudden interest. I will try to see it I can get a trading summary of the houses buying/selling to see if there is a pattern. Also talked to JT @ IR briefly today. He also reads this forum and has told me he has talked to you on occasion as well. He also knows of no particular reason for the runup but suggests that it's because everybody is looking for a beat-up stock because of the current market valuations. Dunno.... Also said that they are currently in talks with a third party concering a buy-out of the other division(s). Apparently looks promising, but WILL NOT help their bottom line next quarter :-( I will post when I have something on the market info.

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