Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (768)	2/1/2000 8:42:00 AM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 1138

Chuzz, Let me give you my 2 cents worth, hopefully it is worth more. I am also looking at LGTO. I have made a lot of money buying fallen tech stocks that have been taken out and shot by the money managers. One of the things I have noticed over the years (when you are looking for the bottom of the decline) is that a slaughtered stock like LGTO often retraces its entire move, although this is not always the case. I think you have to watch for some base building. In the case of LGTO, the move was from the 15 to 20 region all the way up into the 80's. While it appears that LGTO has retraced most of this move, there could be another 20 to 30% on the downside, especially if there is anymore disappointing news. Check this chart: askresearch.com

To: Chuzzlewit who wrote (768)	2/1/2000 2:03:00 PM
From: Edwarda	Read Replies (2) \| Respond to of 1138

Chuzz, please forgive the delay in my responding to you. I was waiting until the time would be respectable for you to be online, only to find myself shut out of SI for a while. So I ran some errands and am back now. Chuzz, your buying now may prove prescient. My concern is that the prevailing sentiment seems to be "Show me" and that any little blip could trip up the stock performance. If you have patience and a willingness to average down, this is probably a good time to buy. The stock is not, however, for the faint of heart at the moment.