LEGATO SYSTEMS LGTO Message Board

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Technology Stocks : LEGATO SYSTEMS LGTO

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To: JRI who wrote (851)	2/23/2000 1:48:00 PM
From: Chuzzlewit	Read Replies (3) of 1138

Thanks, JRI I should be so lucky ... <VBG> If this action is due to day traders and momentum players I think the rally will be short-lived. My hope is that the run-up is because some of the funds have reevaluated their knee-jerk reaction to the accounting issue. It is also possible that we may be seeing a short squeeze. I recall that when the Q4 earnings came out (along with the Q3 restatement) several analysts said that they were waiting for more bad news, whereupon the stock descended from the low 30's to the mid 20's. This may have lead to substantial new short positions which are now covering. If so, then the runup will also be short lived. TTFN, CTC

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