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Technology Stocks : Logpoint Technologies (LGPT)
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To: Dolfan who wrote (2)3/25/1998 3:04:00 PM
From: Chao   of 698
 
Mark -

Curious as to why you invested in DSFT or LGPT. In my case I
was suckered in by some broker who really made it seem as if
DSFT was going to do well because of the Y2K problem. I fell
for it and put some money in DSFT. After a couple months, while
the market was going down for a bit, DSFT was pretty stagnant.
Then, this broker called me and tried to get me to buy 40,000
shares of LGPT at 4.5 claiming that the company had some super
technology that made them "the most exciting company" he had ever seen. I didn't fall for it and within a few months after the call,
both DSFT and LGPT dropped to $1 and below. I took my loss in DSFT
and got out (after it had dropped me from a 10 to a 2). I hope you weren't suckered into the stocks by the same broker. I've done
pretty well in the market, but this one stupid move of mine cost
me half of my profits from last year (never again).
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