LEGATO SYSTEMS LGTO Message Board

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Technology Stocks : LEGATO SYSTEMS LGTO

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To: LLCF who wrote (930)	4/4/2000 1:19:00 PM
From: Toby Zidle	Read Replies (1) of 1138

Today sarcasm will get you everything, David. LGTO off another 17%. I'm long and hating every second of it. But what I hate even worse is selling only to see the stock go up from there. Selling at the bottom is not what my father taught me to do. This is how it goes for me: I bought CDWC at $64 some 3 or 4 weeks back. In a weak market, CDWC has been very strong and hit a new high today at $85+. I figured that considering market behavior I ought to have a mental stop for profit taking. Make it $80. Suddenly a bubble burst and CDWC fell $7 in minutes. I got my order in at $79. It was executed some 15-20 seconds later at $77. Why then is the RTQ for CDWC $82 7/16 now? (I can't complain about a profit, but the market action is miserable.) That's what I expect to happen when I sell LGTO. So I'll hang on. It WILL recover.

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