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Technology Stocks : LEGATO SYSTEMS LGTO
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To: Chuzzlewit who wrote (770)2/1/2000 12:56:00 PM
From: A. Wayne   of 1138
 
Chuz, Technical analysis would indicate LGTO needs to go above its 200 day moving average to give a buy signal. It appears from Philip's chart that the buy signal would be around $47. The problem I have with that is a good chunk of the move has already taken place be then. At $47 is when the analysts all jump on and upgrade the stock to a strong buy. I agree with your analysis and believe the market has over-punished the stock price because of the accounting change.

Thanks for the explanation of your option position. You may not get LGTO at 24, but your puts look very attractive. Good luck on them.

Wayne
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