LEGATO SYSTEMS LGTO Message Board

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Technology Stocks : LEGATO SYSTEMS LGTO

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To: A. Wayne who wrote (1082)	8/4/2000 12:25:34 AM
From: Sr K	Read Replies (1) of 1138

The June 11 and 12 posts seem oddly prophetic, yet since then, almost no one posts here about Legato: The "e" will be dropped on Monday, June 12, 00 according to notification from Nasdaq to CBOE and The "E" is gone, hopefully forever! Yet, under $8 I find Legato an appealing buy. Tax loss selling may dog the stock for awhile, but it looks OK to start scaling in, after it breaks $8. Dec 10 Puts traded 8/3 at 2.75, and the Dec 10 and 12.50 calls provide some protection, although I'm waiting for another leg down. The $2/share cash seems like a good cushion against a move toward $6. Class action attacks are an unknown, but hopefully would be paid in shares and warrants + insurance.

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